Alternative Title: SACU
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Botswana, along with South Africa, Lesotho, Swaziland, and Namibia, belongs to the Southern African Customs Union (SACU), which allows for the free exchange of goods between member countries. Botswana is also a member of the Southern African Development Community (SADC), a regional organization focused on economic cooperation and integration.
Lesotho, South Africa, Botswana, Namibia, and Swaziland are members of the Southern African Customs Union (SACU), which allows for the free exchange of goods between member countries. Payments were made to the member countries by South Africa beginning in 1969 as compensation for those countries’ lack of freedom to conduct economic policies that were completely independent of South Africa....
Swaziland, Botswana, Lesotho, Namibia, and South Africa constitute the Southern African Customs Union, which provides generally for the free movement of goods and services throughout the area. Swaziland has its own currency, the lilangeni, but is also a member of the southern African monetary union (with Lesotho and South Africa), which seeks to ensure that currencies are on par and funds move...