From Africa Recovery, Vol.13#1 (June 1999), page 22 (box within article on EU-South Africa trade)

Gains and losses to Southern Africa

Possible gains
-- Some local businesses may be able to import inputs more cheaply, thereby boosting profits and corporate tax revenues.

-- By being forced to acquire new technology and/or restructure operations, some local businesses may become more competitive.

-- Some local businesses will gain greater access to European markets.

-- Some imported consumer goods will be cheaper.

Possible losses
-- Botswana, Lesotho, Namibia and Swaziland could suffer major fiscal revenue losses.

-- Some local producers will lose domestic and/or regional market shares due to intensified competition from EU producers.

-- Some local producers will be forced to shut down due to intensified competition from EU producers.

-- EU producers could gain access to the South African market on better terms than those on offer to neighbouring Southern African firms.

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