SA customs union gearing up for free trade in Africa

28 Aug 2022

Dimakatso Leshoro

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Local small business is about to benefit from continental markets with the opening up of trade in Africa. Photo: Getty Images

BUSINESS

Trade by the SA Customs Union (SACU) within the African Continental Free Trade Area (AfCFTA) is expected to start in a few months.

The AfCFTA, set to be the world’s largest free trade area with hopes of connecting over more than 1 billion people across 55 countries with a combined GDP of about $3.4 trillion (R56.9 trillion), is expected to open growth opportunities on the continent for South African businesses.

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