By Mandisi Tyulu
23 October 2008
South African president kgalema Motlanthe said that regional integration is central component in Africa’s development and that all this was aimed at achieving sustainable development because of the recent market upheavals.
Motlanthe was speaking at the Southern African Developing Countries summit in Uganda. Motlanthe says while Africa and other developing countries had marginal influence over the decision that have brought the international financial system into the bring of collapse and that the poor of these countries will bare the effect of this crisis.
He added that since SADC establishment it has made trumederous strides in regional co-operation and integration. He said today SADC comprises 15 member states, a population of 200 and forty eight million and a combined GDP of over three hundred and seventy five billion Us dollars.
‘‘All this is aimed at accelerating efforts to achieve sustainable development and more recent upheavals in the financial markets.’’
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