As the ruling party’s elective conference in December approaches, South Africa’s focus is on who will emerge as the ANC’s new leader.
Chief among these is the land debate and whether to amend the Constitution to allow for expropriation without compensation.
Ironically, this ‘sideshow’ may have the most direct impact, as ordinary citizens will feel the crunch.
MITIGATING LOAN RISKS
South African agriculture competes against global competitors who receive considerable support, such as subsidies, from their governments. The sector imports many of its inputs, which places our producers at a disadvantage due to the fluctuating exchange rate. As a result, the sector has become reliant on credit, usually as bond financing.
It was recently estimated that South African farmers’ debts amount to roughly R160 billion. This debt is shared between the Land Bank (25%), development finance institutions, and agribusinesses, but the lion’s share – 70% – is held by commercial banks.
Diese Geschichte stammt aus der Farmer's Weekly 3 November 2017-Ausgabe von Farmer's Weekly.
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Diese Geschichte stammt aus der Farmer's Weekly 3 November 2017-Ausgabe von Farmer's Weekly.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
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THE HITCHING POST
I'm a stylish elderly lady with a radiant glow and a good sense of humour that keeps me young at heart.
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