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The Western Cape, which accounts for over two-thirds of South Africa's winter crops and a large share of wine grapes and various horticulture products, faced another heavy and destructive flood this past week.
South Africa's consumer food inflation slowed to 8,2% in August 2023 from 10% in the previous month.
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We are three weeks into the start of South Africa's 2023/24 summer crop production season.
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Industry experts say South Africa can generate more than 1 million jobs and livelihood opportunities in the R300-billion agricultural sector, and tap into huge opportunities in export markets over the next decade.
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South Africa's agricultural exports amounted to US$3.4 billion in the second quarter of this year, up by 0,1% y/y (According to data from Trade Map).
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This past week, the South African government voiced concerns about the higher food prices and instructed the cabinet's economic cluster to implement a food security plan to cushion consumers.
