Farmers face ruin as drought devastates summer crops
While consumers are safe for now, many farmers have lost millions of rand after a promising start to the season
Source: timeslive.co.za
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Why did SA agriculture underperform in 2023, and what should we expect in 2024?
SA’s agricultural sector faced several challenges in 2023, but we didn’t think the overall annual performance would drop sharply.
Source: heraldlive.co.za
Robust tractor sales indicate positive agricultural outlook
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.
Source: heraldlive.co.za
'A tin of fish goes a long way': South African's brace themselves as economists forecast higher food prices
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.
Source: timeslive.co.za
Competition Commission takes a closer look at spikes in price of edible oil
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.
Source: timeslive.co.za