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Search Tag: Paul Makube
- The crucial role of crop diversification in SA’s agricultural futureJohannesburg, Gauteng, SA (30 January 2024) – The agricultural landscape is undergoing a significant transformation as the traditional practice of mono-cropping, where a single crop variety is planted extensively across vast tracts of land, is rapidly fading. Sustainable crop production now demands urgent attention towards diversify ...moreNo respite for farmers as debt servicing costs escalate following another 50-basis points hikeJohannesburg, Gauteng, SA (26 May 2023) – The South African Reserve Bank (SARB) announced another 50-basis points interest rate hike thus bringing the repurchase rate to over a decade high of 8.25%. The prime rate thus moved higher by 0.50% effective from the 26th of May 2023.Unrepentant inflationary pressures emanating from elevat ...moreConsumers face another expensive braai season in 2022Johannesburg, Gauteng, SA (15 December 2022) – Consumers face an expensive braai season as they enter the December festive with meat inflation at the highest level for this period since November 2017 when it reached 14.9% y/y. What underpins the current strength in meat prices? A combination o ...moreRising interest rates and wetness place a dampener on a potentially excellent agriculture seasonJohannesburg, Gauteng, SA (27 January 2022): After a bullish start to the 2021/22 agriculture season with prospects of another excellent season despite cost pressures, the sector faces a further challenge of increased cost of debt following the South African Reserve Bank’s (SARB’s) decision to raise its repo rate by 0.25% and subsequently the prime lending rate to 7.5%. Although likely to be cautious, expectations are for further increases of 125 basis points through to 2023. ...moreHarvest outlook impressive and raises hope for agriculture sector rebound30 April 2020 – Agriculture received some positive news this week. Firstly, it was the further upward revision to the country’s crops estimates with the South Africa’s Crop Estimates Committee (CEC) pegging the 2019/20 crop 17.52 million tons of grain and oilseed crops which is up 2.6% from March and 31.3% higher y ...more
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