This has not been a good year for the global wool industry. The world’s top two wool-producing countries – Australia and South Africa — are experiencing different, yet growth-constraining, challenges. In South Africa, the challenge is trade-related. Earlier this year, China, which accounts for roughly 71% of South Africa’s wool exports, temporarily stopped buying the country’s wool. This was because of a foot-and-mouth disease outbreak in Limpopo. The impact of this ban was immediately felt across the industry and sheep-farming communities of South Africa. The local authorities responded to the cries and started engaging with their Chinese counterparts in efforts to ensure that wool trade resumes between the two countries. But there hasn’t been a complete success thus far. - Wandile Sihlobo, Agbiz chief economist
13.09.2019 / Agbiz in the news
Expropriation is merely one element of the broader land reform debate. There are several outstanding issues which predate the expropriation debate and which are vital to the success or failure of land reform in South Africa.
03.09.2019 / Agbiz in the news