On 27 March 2020, Moody's downgraded South Africa’s sovereign credit rating to sub-investment grade and placed a negative outlook on the rating.
Ratings firm Moody’s has downgraded South Africa’s credit rating to below investment grade, after three years being the only major firm to keep the country’s head above water.
The 21-day lockdown period may lead to a newfound respect for our food producers.
The United Nations' Food and Agriculture Organization (FAO) reports that Covid-19's negative impacts will lead to a worldwide food crisis unless measures are taken fast to mitigate the pandemic's effects across the food system.
The AA has noted that the huge price drop is coming at a time when most South Africans won’t really be going anywhere anyway.
In terms of the Regulation No. 398 of the Disaster Management Act, 2002, the sector as a sector responsible for food security has been declared as essential.
