AGP Executive Report
Last update: 6 hours agoSACU Push for Industrial Growth: Leaders at the 9th Southern African Customs Union summit in Cape Town backed a “re-imagined SACU” agenda, with Lesotho’s Prime Minister Samuel Matekane and others focusing on industrial development, customs modernisation, trade facilitation and AfCFTA-linked value chains. Lesotho–South Africa Economic Ties: Lesotho’s foreign affairs minister Limpho Tau told South Africa it has a moral obligation to help lift Lesotho out of poverty, citing land dispossession, migrant labour and apartheid-era raids. Lesotho Customs Compliance: Revenue Services Lesotho urged traders and commuters to meet customs declaration rules to protect Lesotho’s SACU revenue share, highlighting its Authorised Economic Operator programme for faster clearance. Farm Mechanisation Finance: Lesotho Post Bank’s Agricultural Financing Unit urged Berea farmers to use the tractor financing promotion, noting uptake remains low despite government injections. Water and Infrastructure Watch: A Carte Blanche investigation follows hydrologists modelling how the Vaal–Lesotho Water System could cope with extreme heat and whether South Africa risks a “Day Zero” scenario. Regional Trade Finance Leadership: Afreximbank appointed Peter Adeshola Olowononi as Southern Africa Director of Regional Operations, covering Lesotho among 13 countries. Logistics Expansion: SMSA Africa Logistics Group broke ground on a new head office, warehouse and workshop in Benoni, strengthening cross-border logistics capacity for the region.
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