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.
この記事は Farmer's Weekly の Farmer's Weekly 3 November 2017 版に掲載されています。
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この記事は Farmer's Weekly の Farmer's Weekly 3 November 2017 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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