Jul 11, 2012
Food security threat looming – Land BankBack
Agriculture|SECURITY|Afgri|Africa|Land Bank|Landbank|Security|Systems|Water|Africa|South Africa|Zambia|Zimbabwe|ZAR|Security|Agricultural Services|Bank|Food|Food Security|Security|Services|Sufficient Food|Systems|Chris Venter|Phakamani Hadebe|Security|Water
CEO Phakamani Hadebe said a new approach was needed to sustain food security as the world moved towards the 22nd century.
"We really have to review the way we do business. Food security will demand new thinking and a new approach."
Hadebe was briefing reporters in Centurion at the signing of a multi-billion rand agricultural loan deal between the bank and agricultural services and food group Afgri.
"For the world to be able to produce sufficient food, we will need to improve our technology. We need new systems to enhance our productivity. We also have to work smarter."
Without sufficient food, cross-border migration would swell rapidly, he said.
"The boundaries that we have will diminish over time, which means we will see a lot of migration. Countries that appear to be doing better [economically] will attract more people."
United Nations forecasts indicated the global population was likely to reach nine billion by 2050, with the major growth taking place in developing countries. Factors such as water shortages, climate change, and rising growth rates in developing countries would also jeopardise food security.
"South Africa is beginning to feel the impact of water shortage. The country's population by 2050 could be at around 55- to 60-million. How are we going to achieve this objective [of food security]?"
Hadebe said the Landbank/Afgri deal was beneficial not only to South Africa, but the whole African continent.
"The combination of the two entities' efforts, not only benefits our institutions, but the whole country. The impact will not only reside in South Africa, but we have efforts of looking beyond South Africa."
Afgri CEO Chris Venter said Africa's thriving population would soon put pressure on the continent's food reserves.
"We want to continue to expand our footprint into Africa. We need this partnership to ensure the sustainability of food security and we can't do that on our own."
Venter said his company was actively supporting farming in countries, including Zambia and Zimbabwe.
"Through our involvement in Zimbabwe, we have realised an improvement in the agricultural activities there. On the sugar [production] and tobacco side there are increases, but the country is still a long way from where it was.
"There is a general positivity in terms of agriculture across the African continent. More African governments realise that they need to secure food security," he said.
Last week, the Land Bank announced it had raised R1-billion from the African Development Bank, and a further R830-million from the South African capital markets.
Edited by: SapaComment Guidelines (150 word limit)
Updated 1 hour 18 minutes ago The South African Reserve Bank (SARB) has taken note of the Mark Shuttleworth judgment by the Supreme Court of Appeal and is reviewing the judgement, it said on Wednesday. “The SARB has noted the judgment by the court, in which it dismissed Mr Mark Shuttleworth’s...
Updated 1 hour 37 minutes ago Eskom contractor Alstom on Thursday said it had successfully completed a site integration test (SIT) at the parastatal’s delayed Medupi power station, in Limpopo, further advancing the project towards its December target date for synchronisation. The SIT validated...
Updated 1 hour 46 minutes ago A respected energy-policy academic has called on President Jacob Zuma to appoint a commission of inquiry into South Africa’s worst electricity crisis in 40 years and to offer policy proposals for reforming Eskom and the sector. Writing in the Business Day, Anton...
Recent Research Reports
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move road...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
Real Economy Insight: Road and Rail 2014 (PDF Report)
This six-page brief covers key developments in the road and rail industries over the past 12 months, including details of South Africa’s road and rail network and prospects for both sectors.
This Week's Magazine
The latest TransUnion Vehicle Pricing Index (VPI) contains a number of small, but significant indications that the tide may at last be turning for the beleaguered used car industry. For the third successive quarter, used car inflation has increased on a year-on-year...
The South African new vehicle market is likely to reach around 630 000 units in 2014, down from the 650 000 units recorded in 2013, says Toyota South Africa Motors (TSAM) president and CEO Dr Johan van Zyl. Van Zyl is also president of the National Association of...
Efforts by the Kenya government to increase energy generation by 5 000 MW over the next three years received a major boost following the award of a $2-billion contract to build a coal power plant in Lamu. Despite allegations of irregular tendering process, the...
Using crafty wordplay on a well-known Internet meme, brilliant South African-born US entrepreneur and businessperson Elon Musk announced that Tesla Motors would not initiate patent lawsuits against anyone who, in good faith, wanted to use its technology. Instead,...
August new vehicle sales declined by 1.4%, to 55 722 units, compared with the same month last year. Assisted by the car rental market, the South African new passenger car market, at 37 953 units, contracted by 1 047 units, or 2.7%, compared with August last year.