South Africa has a well-developed agricultural sector, which will stand the country in good stead in the face of continuing uncertainty both economically and in terms of the weather. There are several factors impacting on the industry – including the recent ratings downgrade, land reform concerns, volatile exchange rates and ongoing weather worries.
Following deregulation of the South African Citrus Industry in 1997, the previously, rather pedestrian pace of citrus farming has changed for growers and has become fast paced with more direct risks and opportunities. Growers are now compelled to better acquaint themselves with the ‘marketplace’ and its numerous requirements. Factors such as fruit quality and taste, shape and size, colour and ripening periods can have a big impact on income and profit. This has led to the introduction of many new cultivars.
The Gogo Group, one of South Africa top producers and exporters of citrus, has opened a new state-of-the-art packing facility in Groblersdal, Mpumalanga, at an investment of over R100 million. The quality control systems and procedures implemented at the pack house enable the Gogo Group to export their fruit to international markets that have some of the most stringent standards in the world.
By 2050, you’ll have 9.7 billion neighbours. Adding nearly three billion more people to the global population in the next three decades presents a serious challenge: how can we produce more and enough food to feed the world’s population without using more resources?
The demand for Land Bank’s recently announced drought relief concessional loans which the state-owned, specialist land and agricultural bank raised from the Industrial Development Corporation (IDC) is surging. This is as record breaking drought conditions continue to cause widespread devastation to agricultural crops and livestock.