April 2017

acrobat WEEKLY MONITOR – Food & Water Security in South Africa – 1 April to 7 April 2017
Author: Augustus Consulting
Key Emerging Trends, Themes and Issues
• S&P Global Ratings cuts South Africa’s sovereign credit rating to junk status after cabinet reshuffle.
• AfriBusiness indicates that it will approach the Constitutional Court if the Regulation of Agricultural Land Holdings Bill be passed by parliament.
• South Africa could be forced to ask the IMF to rescue it following the credit downgrade by S&P to sub-investment or junk status, which saw the rand weaken and the bond market come under pressure.
• South Africa petrol price drops by 24 cents amid growing political and economic uncertainty.
• South Africa’s business confidence falls in March due to rising socio-political tension and increasing economic volatility.

acrobat WEEKLY MONITOR – Food & Water Security in South Africa – 8 April to 14 April 2017
Author: Augustus Consulting
Key Emerging Trends, Themes and Issues
• South Africa’s combined harvester sales continue to show strong growth ahead of a bumper crop this season, however this optimism might be short-lived as the weaker rand could increase the cost of equipment.
• South Africa’s Regulation of Agricultural Land Holdings Bill to shut out foreign owners.
• Hard times ahead for South African consumers as junk status takes its toll.
• Congress of the People (Cope) leader Mosiuoa Lekota argues that the general assumption that land was stolen from black people is not correct, as the land debate intensifies in South Africa.
• South African Reserve Bank Governor Lesetja Kganyago says that the country’s credit downgrade to junk status will hurt the poor.

acrobat WEEKLY MONITOR – Food & Water Security in South Africa – 15 April to 21 April 2017
Author: Augustus Consulting
Key Emerging Trends, Themes and Issues
• Land invasions escalate in South Africa as eThekwini metro police intervenes to prevent residents from Chatsworth and surrounding areas from clashing with illegal land invaders.
• A petrol price hike in May likely to push up food prices amid growing political and economic uncertainty in South Africa.
• Small-scale farmers struggle as the fall armyworm ravishes South Africa.
• IMF forecasts growth of less than 1% for South Africa in 2017 as the country’s socio-political and economic woes mount.
• Lack of transformation in South Africa’s fishing industry exposed as the South African Deep-Sea Trawling Industry (SADSTIA) takes government to court.

acrobat WEEKLY MONITOR – Food & Water Security in South Africa – 22 April to 28 April 2017
Author: Augustus Consulting
Key Emerging Trends, Themes and Issues
• South Africa’s food manufacturing sector hit hard by the country’s credit-ratings downgrade to junk status as food giant Pioneer Foods announces the collapse of a deal that would have created Africa’s largest consumer goods company.
• ANC’s parliamentary caucus will once again push for the re-opening of the lodging of land claims window, despite a backlog in processing old claims amid an increasingly acrimonious land debate in South Africa.
• Lenasia residents in Johannesburg protest against people they claim to have occupied land illegally amid the deepening land crisis in South Africa.
• South Africa ranks a lowly 16th among the top 19 fastest growing countries in Africa amid growing socio-economic and political uncertainty in the country.
• South Africa’s major banks, Standard Bank and Nedbank join FNB in cutting the economic growth forecast for the country as South Africa’s political and economic woes mount.

acrobat WEEKLY MONITOR – Food & Water Security in South Africa – 29 April to 05 May 2017
Author: Augustus Consulting
Key Emerging Trends, Themes and Issues
• Gauteng Premier David Makhura urges people to continue fighting for land redistribution in South Africa as the agrarian reform debate intensifies.
• Numsa General Secretary Irvin Jim says the proposed national minimum wage of R3, 500 is an insult to workers amid increasing political and economic uncertainty in South Africa.
• Business sentiment in South Africa’s manufacturing slips sharply as PMI declines in April amid slow economic growth in the country.
• South Africa’s vehicle sales fall sharply, and across the board, fulfilling forecasts that economic uncertainty caused by SA’s credit downgrading to junk status would have an immediate effect on consumer and corporate confidence.
• Oxfam announces that South Africa remains one of the most unequal countries in the world as the richest 1% owns 42% of the country’s social wealth.

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