Home
FacebookTwitterSearchMenu
  • Subscribe
  • Subscribe
  • News
  • Features
  • Knowledge Library
  • Columns
  • Customs
  • Jobs
  • Directory
  • FX Rates
  • Categories
    • Categories
    • Africa
    • Air Freight
    • BEE
    • Border Beat
    • COVID-19
    • Crime
    • Customs
    • Domestic
    • Duty Calls
    • Economy
    • Employment
    • Energy/Fuel
    • Events
    • Freight & Trading Weekly
    • Imports and Exports
    • Infrastructure
    • International
    • Logistics
    • Other
    • People
    • Road/Rail Freight
    • Sea Freight
    • Skills & Training
    • Social Development
    • Sustainability
    • Technology
    • Trade/Investment
    • Webinars
  • Contact us
    • Contact us
    • About Us
    • Advertise
    • Send us news
    • Editorial Guidelines
Africa
Economy

Lamola commends SADC’s economic integration

15 Aug 2024 - by Staff reporter
International Relations and Cooperation Minister, Ronald Lamola. Source: Dirco
0 Comments

Share

  • Facebook
  • Twitter
  • Google+
  • LinkedIn
  • E-mail
  • Print

International Relations and Cooperation Minister, Ronald Lamola, has commended the Southern African Development Community (SADC) for taking steps towards regional stability and economic integration.

The minister was speaking at the SADC Council of Ministers meeting in Harare, Zimbabwe, which sets the stage for the 44th Heads of State and Government Summit that starts on Friday.

The summit will focus on promoting innovation to unlock opportunities for sustained economic growth and development towards an industrialised SADC.

Leading South Africa’s delegation, Lamola, accompanied, by Finance Minister Enoch Godongwana, engaged in discussions centred on the Regional Indicative Strategic Development Plan (RISDP) 2020-2025. The RISDP is a blueprint that promotes regional economic growth, integration, and industrialisation, underpinned by a climate of peace and stability.

“We are heartened by the steady progress our region is making in implementing the RISDP for 2020-2030,” said Lamola.

He emphasised the importance of the foundational pillar of peace and security, acknowledging ongoing challenges in northern Mozambique and the eastern Democratic Republic of the Congo, while commending efforts to restore stability.

The Council of Ministers also reviewed the secretariat’s capacity-building initiatives in conflict mediation, underscoring the region’s commitment to peace.

Lamola said there was a need to bolster early-warning capacity to pre-empt conflicts and address root causes to develop effective mitigation strategies.

Significant achievements were noted, including a 21% increase in intra-SADC trade to gross domestic product in 2023, and that the region had attracted US$6 billion in foreign direct investment.

Infrastructure developments, such as one-stop border posts and smart integrated economic corridor management tools, were highlighted as key drivers of regional progress.

However, the ministers noted in the meeting that challenges remained as the overall implementation score for the RISDP was 5.6 out of 10, reflecting the impact of global shocks like the Covid-19 pandemic, climate change and international conflicts.

Lamola called for renewed efforts to tackle these setbacks and improve social and human capital development.

Looking ahead, South Africa assumes the G20 presidency in 2025, marking the first time the summit will be hosted on African soil.

Under the theme, ‘Fostering Solidarity, Equality and Sustainable Development’, South Africa aims to highlight the economic and development challenges facing developing countries, particularly in Africa.

Lamola outlined the country’s stance on critical issues, including regional food and nutrition security, the re-establishment of the Mining Ministerial Forum and the implementation of the Industrialisation Strategy and Roadmap 2015-2063.

“South Africa and the region cannot afford to continue to export their raw minerals to faraway countries, only to import beneficiated consumer products at inflated prices. Value addition and commercialisation of our critical minerals must be at the core of our industrialisation strategy,” Lamola said. – SAnews.gov.za

Sign up to our mailing list and get daily news headlines and weekly features directly to your inbox free.
Subscribe to receive print copies of Freight News Features to your door.

Institute conference set to focus on regional connectivity

Events
Logistics

The event brings together transport and logistics professionals from across the continent.

28 May 2025
0 Comments

Punishing duties backfire on US economy

Economy
Imports and Exports

“South Africa must follow its own fiscal policies rather than the US Federal Reserve.” – Ricardo Smith, Absa chief investment officer.

28 May 2025
0 Comments

RFA warns of imminent B-BBEE codes risk

Logistics
Road/Rail Freight

The association plans to meet with the transport minister to discuss how the codes will hurt the industry.

27 May 2025
0 Comments

OBITUARY: Trade giant Pat Corbin passes on

Logistics
People
Trade/Investment

Over the years, Corbin was intrinsically involved in international trade, finance and logistics.

27 May 2025
0 Comments

South Africa cements position as leading apple exporter

Imports and Exports

South Africa is growing its lead over rival Chile since surpassing it in 2023.

27 May 2025
0 Comments

DRC-Walvis Bay trade route in development

Road/Rail Freight

The new corridor will be 235km shorter than the current Walvis Bay-Ndola-Lubumbashi corridor and up to seven days faster.

27 May 2025
0 Comments

MSC confirms weekly continuation of SA-US direct sailings

Sea Freight

In total, eight vessels will be deployed for the express service to America's East Coast.

27 May 2025
0 Comments

DP World plans $2.5 bn expansion

Infrastructure
Logistics

From Ecuador to England and Senegal to India the company is growing its global logistics network through infrastructure investment.

27 May 2025
0 Comments

Box ship sinks off Kochi coast, raising dangerous cargo alarms

Sea Freight

The Indian Coast Guard and the Indian Navy successfully evacuated all 24 crew.

27 May 2025
0 Comments

OPINION: Who’s leading the charge in SA's supply chain digital revolution?

Logistics
Technology
Trade/Investment

The report highlights a clear shift from reactive supply chain strategies to predictive and proactive models, powered by real-time data and AI.

26 May 2025
0 Comments

South Africa will dodge 30% tariff bullet – Steenhuisen

Imports and Exports
Trade/Investment
26 May 2025
0 Comments

Import activity picks up as April’s tariff threat settles

Imports and Exports

One respondent described the situation as an existential threat to the viability of their business.

26 May 2025
0 Comments
  • More

FeatureClick to view

West Africa 13 June 2025

Border Beat

Police clamp down on cross-border crime
17 Jun 2025
Zim's anti-smuggling measures delay legitimate freight operations
06 Jun 2025
Cross-border payments remain a hurdle – Masondo
30 May 2025
More

Poll

Has South Africa's ports turned the corner?

Featured Jobs

New

Key Account Manager

Lee Botti & Associates
Johannesburg
18 Jun
New

Sea Import Controller - willing to be trained into Multimodal

Tiger Recruitment
East Rand
18 Jun

Pricing Specialist

CANEI
South Africa (Remote)
17 Jun
More Jobs
  • © Now Media
  • Privacy Policy
  • Freight News RSS
  • About Us
  • Advertise
  • Send us news
  • Contact us