The expansion in most agricultural subsectors in South Africa has been export-driven, particularly in the horticultural sector. This sector is labour-intensive, and the expansion also brought jobs.
While boosting production is conceivable if the focus is not only on boosting productivity on active farms, but expands to areas that have under-utilised land – Eastern Cape, KwaZulu-Natal, and Limpopo, among others – there needs to be an equal effort in opening up new markets. This is something South Africa has done well over the past few years, but now we need to expand beyond the destinations where we currently participate.
Within Asia, the countries that have been purchased a large share of South Africa’s agricultural produce included China, Hong Kong, Vietnam, Japan, Malaysia, Singapore, Bangladesh, South Korea, and Taiwan. The products that underpinned this tremendous growth in India’s agricultural and food imports included palm oil, soybean oil, sunflower seeds, coconuts, cashew nuts, cotton, sugar, apples, dates, greasy wool, whiskey, coffee, and grapes.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BUSINESS MAVERICK OP-ED: Bold policies needed to pull poorest countries out of mireThe global economic mood is souring. At their meeting in Fukuoka, Japan, earlier in June, G20 finance ministers and central bank governors warned that economic growth remains weak, with risks still tilted to the downside. Just a few days before that gathering, the World Bank had lowered its 2019 global growth forecast to 2.6% – the lowest rate in three years – and predicted that growth would remain tepid in 2020-2021.
Source: dailymaverick - 🏆 3. / 84 Read more »
BUSINESS MAVERICK: Fund managers concerned about unintended consequences of Naspers Amsterdam listingNaspers is planning to list its international businesses on Euronext Amsterdam in the next few months, but the listing could have a perverse effect on local and foreign fund indexes. One of the claimed advantages is that the unbundling will decrease the way the tech company dominates the JSE’s indexes, but fund managers are concerned the effect could, in fact, be the opposite.
Source: dailymaverick - 🏆 3. / 84 Read more »
BUSINESS MAVERICK: CEOs in South Africa are quitting their jobs, triggering a succession crisisCorporate South Africa has recently been infected by a state-owned enterprise disease. The symptoms of the disease? A high turnover of CEOs in a short space of time. More than 10 CEOs have either resigned or were pushed out of JSE-listed companies and business lobby groups since January 2019. It is only mid-year and market watchers expect the CEO revolving door to continue. One wonders why..? Dodgy CEO’s!
Source: dailymaverick - 🏆 3. / 84 Read more »
BUSINESS MAVERICK INVESTIGATION: Video Surveillance and Cybersecurity (Part Two): Chinese cyber espionage is a real threatChinese surveillance giant Hikvision has sold thousands of security cameras in South Africa and soon Joburg’s suburbs will see an unprecedented increase of Hikvision’s presence. But their products, along with Huawei and ZTE, face a ban in the United States following rising fears of Chinese cyber espionage. Unlike the US, however, South Africa’s State Security Agency – with its own shady past – has enjoyed a close relationship with China’s security forces. Daily Maverick delved into the details of the US ban and discovered chilling implications for South Africans.
Source: dailymaverick - 🏆 3. / 84 Read more »
BUSINESS MAVERICK: Bullion’s current tear offers scant golden opportunity for South African producersBullion’s spot price is on the up, hitting six-year highs on the prospect of lower US interest rates and rising tensions between Washington and Tehran — a winning combination for gold bulls. South African producers of the precious metal should see rising profits as a result, but there is no golden opportunity for an industry in a serious state of decline. And the ultimate costs to the South African economy may be high, given that Donald Trump’s actions are helping to propel gold’s run.
Source: dailymaverick - 🏆 3. / 84 Read more »