Grain Sa News Today

While consumers are safe for now, many farmers have lost millions of rand after a promising start to the season

SA’s agricultural sector faced several challenges in 2023, but we didn’t think the overall annual performance would drop sharply.

Agriculture is one of the sectors of the economy that consistently brings pockets of good news. One such piece of good news recently is on tractor sales, which have remained robust for some time. For example, since April 2020, SA’s monthly tractor sales have remained positive, registering an average of 26% year-on-year (y/y) growth over the past 31 months.

South Africans have to brace for a winter of discontent with economists predicting a 15 to 20% increase in the cost of food in coming months, leaving low-income earners facing further struggles and those in the middle-income bracket borrowing more.

The Competition Commission is monitoring the spike in sunflower and other edible oil prices and will take action if retail prices are not justified by increasing costs.

Parts of the country have experienced flooding due to the higher than usual rainfall this summer, with grain farmers expecting a lower yield as a result.

The price of fuel and fertiliser is to blame for the increasing price of food, not Covid-19, says the Transvaal Agricultural Union of SA.

Moyane responds to Bain claim that he was pursuing political agenda at Sars The US-based management consultancy firm is accused of playing a major role in the affairs of the South African Revenue Service (Sars) during Tom Moyane’s tenure. A screengrab of former South African Revenue Service commission, Tom Moyane, appearing at the state capture inquiry on 26 May 2021. Picture: SABC/YouTube 4 minutes ago JO...