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)
Other Agriculture News
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
While Ekurhuleni-based transformer manufacturer Reliable Transformers currently designs, manufactures and tests its products according to the SANS 780 specifications for distribution transformers and other applicable transformer specifications, it is working towards...
Global endpoint security solutions company Kaspersky Lab has introduced new measures to prevent cyber criminals from accessing sensitive data, alongside its malware-signature and heuristic device analysis detection methods. Threats to mobile devices have increased...
To ensure uptake and a positive impact, Wireless Fidelity (Wi-Fi) networks in cities must be provided at schools, community centres and commercial centres to enable citizens and government to access information that will improve access to and delivery of services....
Eco-estate Monaghan Farm, located near Lanseria airport, north-west of Johannesburg, has taken a new approach to modern living and sustainability with its 517 ha development, dedicated to farm living.
Forklift and lift-truck distributor Goscor Lift Hi-Reach launched the Genie SX-180, the tallest self-propelled super boom in Africa, in Johannesburg last month. “As the official distributor of the well-known Genie range of equipment in Southern Africa, we are pleased...