October 2017

acrobat WEEKLY MONITOR – Food & Water Security in South Africa – 07 October 2017 to 13 October 2017
Author: Augustus Consulting
Key Emerging Trends, Themes and Issues
• South Africa’s tractor sales fell 11.4% year on year in September to 552 units as agri-business confidence levels remains low.
• IMF cuts South Africa’s growth forecast for 2017 from 1% to 0.7% as heightened political uncertainty saps consumer and business confidence.
• South African consumers struggling to keep afloat as tough economic times continue amid reports that around R13.6-billion worth of consumer accounts were not paid in time this July.
• The price of eggs, a cheap protein source for the poor majority, is likely to go up by R3 a dozen due to the persistent scourge of the bird which is threatening food security in South Africa amid reports that the sector’s GDP contribution could also shrink between 9% and 10%.
• South Africa’s fresh produce market agents charged for price fixing by the Competition Commission as corruption deepens in South Africa’s food industry.

acrobat WEEKLY MONITOR – Food & Water Security in South Africa – 14 October 2017 to 20 October 2017
Author: Augustus Consulting
Key Emerging Trends, Themes and Issues
• ANC presidential candidate Nkosazana Dlamini-Zuma says Africans still don’t have land in South Africa as the agrarian reform debate intensifies.
• Agriculture Minister Senzeni Zokwana says state veterinarians were still assessing whether South Africa’s chickens should be vaccinated amid the country’s worst ever bird flu outbreak, with over four million chickens culled so far.
• Western Cape farmers struggle as the bird flu outbreak and drought takes its toll amid reports that more than 35,000 jobs are on the line in the agricultural sector, estimated to cost the economy close to R800-million in losses.
• Inflation surges to 5.1% in September from 4.8% in August amid slow growth and increasing socio-political uncertainty in South Africa.
• Shortage of eggs to hit retail shelves in South Africa as the bird flu crisis deepens.

acrobat WEEKLY MONITOR – Food & Water Security in South Africa – 21 October 2017 to 27 October 2017
Author: Augustus Consulting
Key Emerging Trends, Themes and Issues
• South African households sink deeper into debt as food prices surge amid reports that some women are paying as much as 50% interest to loan sharks just to put food on the table.
• South Africa’s growth forecast drops from 1.3% to 0.7 % amid tough economic times, with the predicted revenue shortfall standing at R50.8 billion.
• South Africa’s forecast of higher debt and wider fiscal deficits over the next three years raises the risk of further credit-ratings downgrades amid growing socio-political uncertainty in the country.
• South Africa’s producer inflation accelerates to 5.2% amid rising petrol prices and slow growth.
• Economic Freedom Fighters (EFF) Julius Malema to appear in court on charges of contravening the Riotous Assemblies Act after calling for land invasions.

acrobat WEEKLY MONITOR – Food & Water Security in South Africa – 28 October 2017 to 03 November 2017
Author: Augustus Consulting
Key Emerging Trends, Themes and Issues
• Whites own 73% of South Africa’s farming land, even after 23 years of government efforts to redistribute land to the black majority.
• South African food producer Rhodes Food expects profits to decrease by 22% due to drought.
• 17 million social grant recipients face uncertainty over payments, threatening the food security of poor households in South Africa.
• South Africa’s Department of Agriculture, Forestry and Fisheries says it is in the process of establishing a Fisheries Transformation Council that will ensure the equal distribution of fishing rights and resources to fishing communities.
• South Africa’s unemployment at record high for third quarter in a row amid slow growth and rising political uncertainty.

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