History
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SACU is the oldest still existing customs union in the world. It was established in 1910 as a Customs Union Agreement between the then Union of South Africa and the High Commission Territories of Bechuanaland, Basutoland and Swaziland. With the advent of independence for these territories, the agreement was updated and on December 11, 1969 it was relaunched as the SACU with the signing of an agreement between the Republic of South Africa, Botswana, Lesotho and Swaziland. The updated union officially entered into force on March 1, 1970. After Namibia's independence from South Africa in 1990, it joined SACU as its fifth member.
As of 2007, the Executive Secretary of the SACU is Tswelopele C. Moremi.
Read more about this topic: Southern African Customs Union
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