BUSINESS MAVERICK: A good time to braai: SA meat prices floored by export ban

There is a silver lining in South Africa’s latest foot and mouth disease outbreak: meat prices have barely changed in the past year, according to the latest figures from Statistics South Africa. In July, annual consumer price inflation braked to 4.0% from 4.4% the previous month, with food inflation coming in at a very muted 3%. Meat prices inched up only 0.2%.

He also notes that South African food producers and retailers are finding it difficult to pass costs on to consumers in the face of a weak economy with muted buying power.

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BUSINESS MAVERICK ANALYSIS: Gloves on again, off again in a time-sensitive trade warIt’s hard to keep up with whether US-China trade negotiations are on again or whether they have been dealt a knockout blow. The world’s saving grace may be that both parties have adequate incentive to get a deal on the table, preferably by the end of the year. But the only hope of getting there is if both China and the US leave their toxic negotiating styles at the door.
Источник: dailymaverick - 🏆 3. / 84 Прочитайте больше »