SACU future hangs in the balance

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THE future of the Southern African Customs Union (Sacu) hangs in the balance, even as engagement takes place at the highest political level to save the world's oldest customs union from collapsing.

Sacu was split last year when Botswana, Lesotho, Namibia and Swaziland broke ranks with SA and signed an interim economic partnership agreement (EPA) that would govern trade with the European Union (EU).

Now, angered by the other members' decision to initiate the pact, it is feared that SA might use their move as a reason to break up the union.
This would have grave economic implications, especially for Lesotho and Swaziland, which rely heavily on revenues from the customs pool.

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