The feasibility of establishing a monetary union in SADC

Abstract

The objective of this research is to gain a better understanding into the feasibility of establishing a monetary union in SADC in the context of the agreed targets set out by SADC and the African Union. Seven experts in the field of monetary integration within SADC participated in this research and their feedback was analysed and themes captured in terms of the five research questions posed. The questions posed as part of this research explores whether trading blocs are moving towards monetary union, whether the targets set out by SADC for monetary integration are being met, whether the time frame agreed by SADC is reasonable and whether there is political will from member countries for such a monetary union in SADC. The researcher has identified three main reasons why monetary union would be beneficial for the SADC region, and also identified the four pillars of monetary integration that is required for monetary integration to succeed.