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6.1.8 Financing of SADC Programmes
The current funding structure in which the bulk of the SADC regional integration pro-
gramme is externally funded is not sustainable. More innovative and pragmatic funding
mechanisms that draw from local sources are needed to replace the over-reliance on ex-
ternal sources. There is room to leverage private sector resources available within the region
by putting in place an environment conducive for participation by business.

6.2 SADC Vision 2050
th
At the 40 SADC Summit hosted by Mozambique in August 2020 and conducted virtually,
the SADC Heads of State and Government “approved the SADC Vision 2050, which is
based on a firm foundation of Peace, Security and Democratic Governance, and premised
on three interrelated Pillars, namely: Industrial Development and Market Integration; In-
frastructure Development in support of Regional Integration; and Social and Human Capi-
tal Development. The three pillars also recognise Gender, Youth, Environment and Climate
Change, and Disaster Risk Management as important cross-cutting components. Summit
also approved the Regional Indicative Strategic Development Plan 2020-2030 to operation-
alise the Vision 2050.” (SADC Summit Communiqué 17 August 2020)

6.2.1 SADC Vision 2050
SADC Vision 2050 recalls the long-term SADC Vision of a regional community that has
a common future and that will ensure economic wellbeing, improvement of the standards
146 of living and quality of life, freedom and social justice, and peace and security for the
people of Southern Africa, as enshrined in the Treaty.
By 2050, a peaceful, inclusive, middle- to high-income industrialised region is en-
visaged, where all citizens enjoy sustainable economic well-being, justice and freedom.
Under Vision 2050, SADC leaders commit to upholding the core principles of the Com-
munity, which are – the sovereign equality of all
Member States; solidarity, peace and security;
human rights, democracy and the rule of law;
equity, balance and mutual benefit; and the peace-
ful settlement of disputes. SADC also resolves to
consolidate the SADC community moving towards
2050 by leveraging areas of excellence and imple-
menting priorities to achieve sustainable and in-
clusive socio-economic development through good
governance and durable peace and security in the
region and the removal of all barriers to deeper in-
tegration; and guided by the purposes and prin-
ciples of the SADC Treaty and Agenda.
The SADC Vision 2050 is complementary
to the United Nations 2030 Agenda for Sustain-
able Development and the African Union’s
Agenda 2063 and its flagship projects and conti-
nental frameworks. The SADC Vision 2050 is ex-
pressed in three Pillars: Industrial Development
and Market Integration; Infrastructure Devel-
opment in Support of Regional Integration; and
Social and Human Capital Development, and
built on a firm foundation of Peace, Security and
Good Governance.