AGRI NEWS NET

News headlines of the week

The national debt of South Africa was forecast to continuously increase between 2023 and 2028 by in total 167.1 billion U.S. dollars (+59.63 percent). The national debt is estimated to amount to 447.36 billion U.S. dollars in 2028. As defined by the International Monetary Fund, the general government gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future.

 A dispute over agricultural trade created a rift on Monday between Ukraine and some of its strongest allies in the EU after three member states imposed unilateral measures to restrict imports from the war-torn country.

Economists are optimistic that interest rates will stay on hold this week – but there are still some risks that the Reserve Bank might factor into the decision.The South African Reserve Bank’s (SARB’s) Monetary Policy Committee (MPC) will be meeting this week to vote on the next step forward for interest rates in the country.

News Headlines

Karen Truter was part of the previous winners of our Exclusive Junior Agri writers awards.

Thanks to the waste separation efforts of conscientious citizens, businesses, schools and the greater recycling industry, South Africa recycled just less than 1.3 million tonnes of paper and paper packaging in 2022. If baled and laid out, this would cover 161 rugby fields.

Tilling has been with us for 10,000 years or more, in some form. But as the Agricultural Revolution transformed farming in the 18th and 19th centuries, the method of cultivation became increasingly popular, primarily because tilling enables farmers to plant and weed more, fast, with very little effort.

The pet transporting service market size is estimated to be valued at US$ 525 million in 2023 and is expected to reach US$ 820 million by 2033. The adoption of pet transporting service likely to advance at a CAGR of 4.5% during the forecast period.