Anyone keeping an eye on South Africa’s financial situation will be well aware of the recent spate of interest rate cuts implemented by the South African Reserve Bank (SARB).

 South Africa’s agricultural sector was the only shining light in the second quarter of this year.

Agriculture is one of the sectors that will help create employment and economic activity in rural South Africa.

Unexpected increases in inflation in the US and the UK, along with a record high nominal gold price, have put the prospect of inflation – and, for some, even stagflation – back on the table for economists, market analysts and central banks. 

The South African Bureau for Agricultural and Food Policy expects the country’s economic recovery to be a prolonged process “with real GDP only projected to exceed 2019 levels by 2026”, according to their newly released baseline report. The fresh produce industry will be significantly affected by shrinking consumer demand and interrupted supply chains.

 South Africa has a well-developed, but highly dichotomous, agricultural sector.