South Africa would experience an “imminent socio-economic disaster” if expropriation without compensation (EWC) was pursued, with the anticipated decline in gross domestic product (GDP) possibly leading to a loss of more than 2.28 million jobs, according to an independent economic impact assessment of the proposed policy.
A final report on the land reform debate in South Africa is expected to be produced by Parliament come 15 November. However, seeing as the process has been dogged by delays and procedural missteps, South Africans shouldn’t hold their collective breaths. Whatever decision is made is likely to be highly controversial. But this below piece outlines some rational proposals to deal with land reform properly without wrecking the economy. –
Heatwave conditions will prevail over the western and northern interior with isolated thundershowers in the eastern to northeastern interior until the weekend. Thundershowers in the northeast will become more widespread from Sunday.
The drier weather conditions, which have been a hindering factor for maize planting activity in the western parts of South Africa, could ease as the weather forecast for the next two weeks shows prospects of higher rainfall over most parts of the country.
In its Agri Commodities Monthly Report for October, Rabobank noted short-term support for wheat futures worldwide on the basis of tightening global fundamentals.
Two-way agricultural trade between the United States and countries in Southern Africa reached a record $1.5 billion last year, according to most recent international ag trade report from the U.S. Department of Agriculture.
