Characteristics of Joint Ventures

.It can be made up of two or more companies, which must share resources, errors and profits equally. These companies retain their independence, working autonomously and each one maintaining its image and brand.

• It is not a permanent structure, since it can be dissolved when the objectives set have already been achieved, or when any of the parties or both are no longer satisfied with the objectives, or develop new goals, or when the agreed time for the development of the same has expired, among others.

  Disadvantages of joint venture

• the objectives of the venture are unclear

• the communication between partners is not great

• the work and resources aren't distributed equally

• the different cultures and management styles pose barriers to co-operation

Joint Ventures do not necessarily have to join at 50-50 ownership split,it depends on the terms stated and how partners decide to operate.

Now,how is EU AND SADC RELATING TO THE economic integration?

They both have different aspects like:

. Having political union

. Economic union

. Common union

.Custom union

It is all about making economic cooperation smoother and more beneficial for all involved.