Southern African Customs Union

(redirected from SACU)
Also found in: Acronyms, Wikipedia.

Southern African Customs Union

An international organization that establishes the free movement of goods and services across member nations. It also maintains a common tariff policy with respect to countries that are members; that is, members negotiate as a bloc for trade agreements. Established in 1910, it is the oldest extant customs union in the world. Its members are Botswana, Lesotho, Namibia, South Africa and Swaziland.
References in periodicals archive ?
SACU replicates regionally the pattern of imperial hegemony that typified African politics in the early twentieth century.
Hence, the degree of openness did not have any positive effect in the SACU.
In 2007, SACU was one of the original investors of CU Student Choice.
We are dedicated to providing our members with the best customer experience possible, and technology helps us deliver on our promise, said Adele Glenn, Technology Solutions Architect, SACU.
This will be done in acknowledgement of the joint meeting of the SACU Legal and Finance Experts which was held on 5 June 2013, in Johannesburg South Africa to consider the draft Annex.
It is not an agenda that either the SACU or Cosatu can accept and, as Durban's Sunday Tribune newspaper suggests, "They can do themselves and the country a service by now cutting themselves adrift from the ANC's coat-tails.
I am not saying we must leave SACU but there is a need for some degree of fairness and fair competition in the SACU market.
The revenue growth is relatively modest and is apparently a result of declined receipts from SACU revenue pool which account for 37 % on the total revenue.
South Africa also commit- ted itself to ban the use of the names port and sherry on its domestic market and inside SACU at the end of a transitional period of 12 years.
Another area of growth can be seen in the services sector driven by public administration specifically SACU which again isn't changing the structure of the economy.
Would you like to see the abolition, restructuring or reform of the SACU and Common Monetary Area (CMA)?