Revenue sharing tops SACU summit agenda

Technocrats are hopeful that by December this year, they will have covered considerable ground on the burning issue. Since 2010, SACU members have been renegotiating a 2002 revenue sharing agreement after member states threw out a new draft formulae crafted by Australia's Centre for International Economics (CIE), which had proposed significant revenue cuts to some member states.

The draft proposed an P8 billion reduction in Botswana's share of customs revenues by 2019, on the basis that there is no justification for the huge amounts that the country along with Namibia and Swaziland receive from the SACU pool.