Botswana faces P5bn drop in SACU revenues

Custom revenues will decline due to reduced cross boarder trade volumes
Custom revenues will decline due to reduced cross boarder trade volumes

Falling regional trade volumes may result in Botswana suffering a significant drop of up to 30 percent in SACU revenues next year amid a fresh valiant campaign by South Africa to review the revenue sharing formulae.

SACU revenues, which normally contribute 30 percent to Botswana total revenues, are estimated at P16.3 billion in the 2015/16 fiscal year.

 A 2015/16 budget review statement tabled in  the South African parliament by finance minster Nhlanhla Nene last month revealed that payments to the other four members in to Union are estimated to drop by 30 percent from R51.7 billion in 2015/16 to R36.5bn in 2016-17 due to falling trade and the lower collection of customs duties.

Editor's Comment
Implement the recommendations Mr. President

The nation is eagerly awaiting this report to have a glimpse of what the recommendations are like, possibly for further debate. Mr. President, it’s our ardent hope that true to your promises, the public will have an opportunity to peruse the report and see if it reflects their interests as the Commission went around the length and breadth of the country collecting views of the people with some choosing to write to the Commission’s...

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