Namibia to assume SACU audit committee chair

28 Jun 2013 07:00

Namibia will assume the chairmanship of the Southern African Customs Union (SACU) Audit Committee in the next two weeks, revelations from the ongoing regional tax union underway in Windhoek today show.

In the same vein, Lesotho will take over the chairmanship of the Council and Commission of SACU at the same time.

The top positions within the SACU are based on rotational cycle and evolve among the four member states of Botswana, Swaziland, Namibia and South Africa.

The council of ministers of trade and finance from SACU, which is the world’s oldest customs union is currently ongoing at a local hotel.

According to information filtering from the SACU meeting, the council of ministers will get briefings on the report of the Finance Audit Committee to the month ending March 2013, report back on the building of the SACU head office project, update on the work of industrial policy task team from the meeting held in Swakopmund last year and get a n update on SACU, Southern African Development Community-SADC and the East Africa Community, which forms the proposed grand tripartite negotiation of states in those regions.

At the official opening of the meeting this morning, appreciation from the represented States went to the growth of the African Union, which recently celebrated its golden jubilee for contributing to the development of the continent.