Food prices likely to drop after heavy rains
Friday, January 13, 2017
This is expected to lead to a drop in food prices over the course of 2017 in the southern African region, which should alleviate pressure, especially on low-income consumers further down the line.
According to Moemedi Mosele, an economist at Motswedi Securities, better regional rainfalls and low fuel prices have a high propensity to pull local food prices down.
While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...