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March 2023

Demand For South Africa’s Agri Exports Set To Increase In Africa

31 March 2023 – Africa’s demand for South African agricultural products will likely increase in the 2023/24 marketing year, says Wandile Sihlobo, chief economist at the Agricultural Business Chamber (Agbiz). The 2023/24 marketing year corresponded with the 2022/23 production season. In the previous season, countries such as Zimbabwe, Zambia, and Tanzania had decent supplies of […]

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South Africa Must Prioritise Decarbonisation, As $1.5bn Of Exports To EU Are At Risk

30 March 2023 – South Africa should prioritise its decarbonisation strategy, as it has a carbon intensity much higher than most countries, and $1.5-billion of exports to the European Union (EU) are at risk in the short term. That figure is likely to increase when more products are covered under the EU’s Carbon Border Adjustment Mechanism (CBAM), said policy development

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International Monetary Fund (IMF) Slashes SA’s Growth In 2023 Outlook From 1.2% To 0.1%

27 March 2023 – The International Monetary Fund (IMF) has slashed South Africa’s growth forecast for 2023 significantly due to heightened power cuts, weak commodity prices and weakening global economy. The IMF yesterday lowered South Africa’s real gross domestic product (GDP) growth forecast from 2023 drastically to 0.1% from 1.2% previously projected in January. This

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Africa’s Trade Potential For Resilience In The Face Of Unprecedented Shocks

17 March 2023 – Global trade has recently experienced unprecedented shocks as the world grapples with the consequences of Covid-19, protracted geopolitical conflicts, and rising energy costs. According to the International Monetary Fund (IMF), African nations were some of the hardest hit by the food crisis caused by protectionist policies implemented by exporters after the

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