Drought, not policy uncertainty, blamed for agriculture crash- South Africa
- South Africa
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The alarming agriculture figures that dragged SA into recession were not the result of policy uncertainty about land reform.
Instead, the sector has been weighed down by drought and delayed harvests, with statistician-general Risenga Maluleke saying last week that the decrease "was mainly because of a drop in the production of field crops and horticultural products".
Fuel price hike of R1 a litre may be on the way-,South Africa
- South Africa
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The Central Energy Fund (CEF) said on Tuesday that a weaker rand and a higher international oil price led to more than a R1 under recovery for all grades of fuel in the first 10 days of September, putting motorists in line for yet another hefty fuel price increase.
South African Banks Worry That Ideology is Trumping Economic Needs
- South Africa
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Banks are worried that South Africa is taking a wrong turn with laws being considered by the nation’s parliament that could leave the economy worse off.