South Africa’s Zulu king and Afrikaans nationalist group AfriForum are forming a partnership to develop the agriculture on vast swathes of land the monarch controls through a trust, AfriForum’s CEO said on Tuesday.
The African continent is far from being self-sufficient in wheat production. The 2018/19 wheat imports are estimated at 51 million tonnes, which is almost double the volume produced in the same season.
In an exercise to help potential investors make informed decisions in the midst of debate about expropriation of land without compensation, Statistics SA is going around the country to establish the size, structure and economic contribution of commercial farms.
The whole debacle came to head with Tilray, a premium medical cannabis company, which was briefly worth $20 billion in September 2018, up as much as 94% in the span of a day. Some reports linked the sharp increase to the news that the Drug Enforcement Agency approved Tilray’s plan to import a cannabis product that could be used to treat neurological disorders.
The South African Weather Service has recently highlighted that “the El Niño-Southern Oscillation is still in a neutral phase and although most models indicate a slight strengthening towards an El Niño phase, the uncertainty seems to be increasing to its potential strength and timing.
On October 5, Zimbabwe’s Finance Minister, Mthuli Ncube, told Reuters News that his country is likely to produce 1.9 million tonnes of maize in 2018/19 production season, up by 12 percent from the previous season.
