Persistent drought threatens cereal prices
Friday, May 20, 2016
“This has caused an increase in cereal requirements leading to more cereal imports and increased food prices,” stated the statistical agency.
Data published by SB in its latest edition of the natural disasters digest shows that the total cereal requirements fluctuated between the years 1998 and 2007.
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...