In particular, member countries would need to pursue appropriate policy measures in order to satisfy the convergence criteria. Given the importance of the issue and the sensitivities around it, it is crucial that the citizens of the member countries are properly informed of the desirability of a monetary union. A SADC monetary union will also have its unique challenges.
Member countries should therefore prepare themselves if they were to optimally benefit from the new arrangement. For example, member countries would need to strategically position themselves such that they increase their share of intra trade and investment within SADC and beyond. In the case of Namibia, we need to continue with the diversification of the economy towards manufacturing and services.