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We had a budget vote speech and the signing off of the Agriculture and Agro-processing Master Plan this week in South Africa’s agriculture. Both are key for the medium and long-term growth of the sector.
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Periods of uncertainty tend to lead to countries taking drastic self-interested policy measures.
The debate about rising global inflation and increases in interest rates is hugely relevant for South Africa’s agriculture and agribusiness sectors.
South Africa is a diverse and sizable country of 122 million hectares. But there is a commonality in challenges that farmers and agribusiness raise regardless of the provinces or municipalities.
KwaZulu-Natal is a major agricultural province with significant production of various products such as sugarcane, fruit, dairy, and poultry.
Despite being mostly semi-arid, SA has ample agricultural output. As a country, we export about half of what we produce in value terms a year. These exported products were worth a record $12.4bn in 2021.
