Jul 11, 2012
Food security threat looming – Land BankBack
Agriculture|Afgri|Africa|Land Bank|Landbank|SECURITY|Systems|Water|Africa|South Africa|Zambia|Zimbabwe|ZAR|Agricultural Services|Bank|Food|Food Security|Services|Sufficient Food|Systems|Chris Venter|Phakamani Hadebe|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)
Other Agriculture News
Concrete brick, block and paving-making machinery and technology supplier Pan Mixers South Africa (PMSA) in March launched the new Fiori DBX35 self-loading concrete mixer, designed specifically for emerging markets in Africa that require high-quality concrete on...
Brick and block making machine manufacturer Hydraform has introduced two new automated block-making machines to the South African building and construction market. The new machines are fully automated making them safer to operate, while also reducing labour...
Updated 9 minutes ago In this context Creamer Media’s Gold 2015 report reviews the global gold market and gold companies that have operations in Africa. It particularly focuses on the South African gold sector, including labour issues and electricity shortages, as well as prospects for...
Updated 1 hour 18 minutes ago The first of a total of 40 Cuban engineers have arrived in the Free State on Sunday, with the rest expected to arrive on Monday. They will mainly be involved in improving service delivery, the construction of government subsidised settlements, houses, the provision...
Updated 1 hour 41 minutes ago Toyota has lifted the veil on its new, eighth-generation Hilux bakkie, set to launch in South Africa in the first quarter next year. Sales have already started in Thailand.
Recent Research Reports
Steel 2015: A review of South Africa's steel sector (PDF Report)
Creamer Media’s Steel 2015 report provides an overview of the key developments in the global steel industry and particularly of South Africa’s steel sector over the past year, including details of production and consumption, as well as the country's primary carbon...
Projects in Progress 2015 - First Edition (PDF Report)
In fact, this edition of Creamer Media’s Projects in Progress 2015 supplement tracks developments taking place under the Renewable Energy Independent Power Producer Procurement Programme, which has had four bidding rounds. It appears to remain a shining light on the...
Electricity 2015: A review of South Africa's electricity sector (PDF Report)
Creamer Media’s Electricity 2015 report provides an overview of State-owned power utility Eskom and independent power producers, as well as electricity planning, transmission, distribution and the theft thereof, besides other issues.
Construction 2015: A review of South Africa’s construction sector (PDF Report)
Creamer Media’s Construction 2015 Report examines South Africa’s construction industry over the past 12 months. The report provides insight into the business environment; the key participants in the sector; local construction demand; geographic diversification;...
Liquid Fuels 2014 - A review of South Africa's Liquid Fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2014 Report examines these issues, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing, competition in the sector, the...
Water 2014: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2014 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
This Week's Magazine
While economic forecasts for the African continent are most favourable, African airlines may not be able to benefit from the expected growth in the region’s gross domestic product (GDP), International Air Transport Association VP: Africa Raphael Kuuchi has warned....
The Automotive Production and Development Programme (APDP) will need to change substantially post 2020, says Metair Investments South African operations COO Ken Lello. “We must not make tweaks. We have to change. What we are doing is not sustainable.”
Banking group Absa’s forecast is for the rand to end the year at around R13 against the dollar, weakening further to R13.50 by 2016, says Absa sectoral analyst Jacques du Toit. He warns that possible interest rate hikes in the US may see capital being pulled from...
The Dispute Resolution Centre at the Bargaining Council for the Civil Engineering Industry (BCCEI) is now open to handle party-to-party disputes. The BCCEI represents the interests of all level four to nine Construction Industry Development Board companies.
Communications technology firm Ericsson sub-Saharan Africa head Fredrik Jejdling says the company’s commitment to sustainability and corporate responsibility has been integrated into all facets of its operations, which has provided it with sustainable revenue...