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Month: Mar 2021

BRICs Countries Offer Export Opportunities To SA’s Booming Agricultural Sector

30 March 2021 – South African agricultural stakeholders want to increase exports to BRIC(S) countries. This message came sharply in a hybrid event the Agricultural Business Chamber of SA (Agbiz) had with its members, commodity organizations and government representatives on March 19. The event’s primary focus was to explore how South Africa’s agriculture and agribusiness …

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Consumer Sentiment, Factory Output Wane On Third Wave Fears

29 March 2021 – Prospects of a third wave of Covid19 infections have jinxed the country’s production landscape, with many companies pointing to a drawn-out recovery period in factory activity. A year after the country first went into hard lockdown, South Africa’s manufacturers are still reporting constrained supply chains and raw material shortages due to …

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Wholesale Trade Falls 7.1% In January

23 March 2021 – Wholesalers have followed their retail counterparts as sales plunged into contractionary territory in January as lockdown measures depressed demand. Data from Statistics SA (StatsSA) yesterday showed wholesale trade declined 7.1 percent in January compared with the same month a year ago. The wholesale trade data print, which rose 1.8 percent in …

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South Africa’s Standing In The Global Food Security Index Deteriorates

18 March 2021 – For many years, South Africa has prided itself as the most food-secure country in the African continent and has also ranked relatively well with its peer BRICS countries. But disappointingly, the results of the 2020 Global Food Security Index recently released by The Economist and Corteva show that South Africa has regressed. South Africa is …

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For South African Agriculture, 2020 Was A Very Good Year

17 March 2021 – South African agriculture had a “remarkable year” last year, the Bureau for Food and Agricultural Production (BFAP) has reported. This was despite the Covid-19 pandemic, which caused all other sectors of the South African economy (except government services) to contract.  While the national economy as a whole experienced its greatest contraction since …

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South Africa – Challenging Times Ahead

16 March 2021 – South Africa’s Country Risk Report 2021 Rating: C3 – Sensitive risk for enterprise Strengths Rich natural resource base (gold, platinum, chrome, manganese, vanadium, coal and diamonds) Key strategic economic and political player in the region Judicial and business environments aligned with advanced standards Exchange rate flexibility helps to cushion external shocks …

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