SACU develops industrial policy

"Botswana and SACU are developing an industrial development policy that will bring developments to SACU member states. This will create competitive business opportunities in the region," said Ontlametse Ward, director of industrial affairs at the Ministry of Trade and Industry addressing stakeholders at a workshop in Gaborone this week.

Ward said SACU members have to identify business opportunities for collaboration, adding that the private sector must lead in sectoral policy developments. Joel Sentsho, trade and policy advisor at the Ministry of Trade and Industry said with tariffs in decline in the world economy, SACU revenues are going to take a knock.