South African agriculture in times of rising geopolitics and floods with Wandile Sihlobo
Channel: JustOneLap
Date: 2022-05-07

Our presenter for this JSE Power Hour was the Chief Economist of the Agricultural Business Chamber of South Africa (Agbiz), Wandile Sihlobo. Locally, agriculture has had a few great years due to record rainfall boosting crop output. Revenue for the sector has been further enhanced by higher global pricing.

But rising energy costs (fertiliser and diesel) are putting pressure on profits and the Ukrainian war is adding further stress to the system.

Agriculture is first and foremost an important sector as it feeds the nation. But it also benefits our tax revenue and exports and is the base for a large investment sector on the exchange.

Wandile will help deepen our understanding of the sector and the opportunities, current pressure points and risks it faces as well as the recent flooding in eThekwini.