South Africa might be doing okay in sectors such as political stability and technology development, but the country is now facing a serious threat of food security. 2018 was in large parts sunny and dry throughout the nation. Not to mention El Nino-induced drought in 2015, which the country has never really recovered from.
Now South Africa’s agricultural industry body – AgriSA – is set to start approaching banks, agribusiness, and government institutions to lobby for financial aid to the tune of $220 million (3 billion rands). AgriSA, through its executive director Omri van Zyl, said the fund will go to farmers severely hit by the drought to help them keep their farming business operational. Otherwise, things will grind to a stop for many farmers across South Africa.
“We have basically reached a point now where we don’t have any more fat in the system. There is no buffer any more in the agricultural sector,” said van Zyl.
“We see this drought again as a national emergency because it is going to have an impact directly on consumer prices, it is going to have an impact on food …read more