Drought could cost SA almost R10bn in food export revenue

The South African economy could potentially take a R9.2-billion knock in export revenue loss for food crops as the drought continues. Citing industry sources, Business Day reports that this figure excludes the drought’s effect on farmers’ income, job losses and any inflationary aftermath. Grain South Africa published on its website recently that the country would have to import 770 000 tonnes of maize until the end of April next year at R2.2bn. The country will also need R1bn worth of wheat imports to make up for shortfalls triggered by drought conditions. In the 2013/2014 financial year, SA produced a bumper […]

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Transport management needs macroeconomic approach, urges logistics professor .

South Africa is a transport challenged country and, although transport-related issues should be a government priority, this is not the case and government has not yet mastered managing transport and logistics from a macroeconomic perspective, Stellenbosch University (SU) logistics professor Jan Havenga told delegates at a recent meeting of the Transport Forum, in Durban. Print Send to Friend 1 0 He added that a great deal could be gleaned from the Logistics Barometer launched by SU’s Logistics Department earlier this year. The barometer measures logistics costs as a percentage of a country’s gross domestic product (GDP) and unpacks this to […]

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Petrolprys September 

En dít is die storie van die rand en die petrolprys vir September: As die rand nie so kwaai getuimel het die afgelope maand nie, sou die petrolprys in September nou reeds met 76c gedaal het. Maar nou ís die rand swak – die swakste in meer as 13 jaar teenoor die dollar – en Suid-Afrikaners sal nie sóveel voordeel trek uit die baie lae oliepryse nie. Lees ook: ​Ongelukkige 13 spook by rand (http://www.netwerk24.com/sake/ekonomie/2015-08-18-ongelukkige-13-spook-by-rand) Die goeie nuus is dat daar nietemin na alle waarskynlikheid steeds ’n stewige daling in die petrolprys sal wees. Teen Maandagmiddag was die daaglikse gemiddelde oorverhaling […]

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