food priceslatest news & developments
Sub-Saharan Africa’s reliance on imported oil leaves countries exposed to economic shocks amid the escalating Middle East conflict.

Rising oil prices threaten African economies, new analysis warns

Sub-Saharan Africa’s reliance on imported oil leaves countries exposed to economic shocks amid the escalating Middle East conflict. Rising crude and LNG prices threaten import bills, inflation and currency stability, particularly in nations with low reserves

  • Sheree Bega
6 min read
The handover of the G20 presidency to the United States will occur on Tuesday at the Department of International Relations offices. (GCIS)

G20 presidency handover to the US set for Tuesday, Dirco director general Zane Dangor says

Dangor said the US argument that if one G20 member was absent from the leaders summit, then there could be no consensus, had been voted down

  • Eyaaz
3 min read
WTO director general Ngozi Okonjo-Iweala and President Cyril Ramaphosa. (X)

‘World not doing tit for tat with US,’ WTO head says at G20 summit

Director general Ngozi Okonjo-Iweala said South Africa’s G20 presidency highlighted the importance of trade within WTO rules and reforming the system through local mineral beneficiation

  • Eyaaz
3 min read
The G20 leaders summit was held in South Africa last week. (GCIS)

‘G20 declaration future-proofed, despite US non-participation’, says South Africa’s presidency

Presidency spokesperson Vincent Magwenya said countries understood ‘that there’s a bilateral issue between South Africa and the US, but that must not, in any shape or form, undermine or imperil the work of the G20’

  • Eyaaz
3 min read
President Cyril Ramaphosa. (GCIS)

Ramaphosa launches G20 panel to address extreme global inequality

The panel, chaired by Nobel prize-winner economist Joseph Stiglitz, will produce recommendations to help bridge the rich-poor divide

  • Eyaaz
4 min read
On a month-on-month basis

Inflation cools to 3.8% in September

This is the lowest reading for inflation in South Africa since April 2021

  • Aarti Bhana
2 min read
About 5 000 farmers supply fresh produce to the Joburg market. (Delwyn Verasamy/M&G)

Call for reform and pricing transparency in South Africa’s fresh produce markets

The Competition Commission has said that practises by fertiliser, agrochemical and seed companies may also distort competition

  • Des Erasmus
6 min read
The Reserve Bank has maintained the repo — at which it lends to commercial banks — steady at 8.25% for five consecutive meetings, since hiking it by 50 basis points in May 2023.

Consumer inflation eases in April, but interest rate cut still unlikely this month

The central bank has maintained the key repo rate at 8.25% since hiking it by 50 basis points in May 2023 This content is restricted to registered users and subscribers. Get Your Free Account The Mail & Guardian is committed to providing all our readers with the best possible experience. Please register your free account now. Your registration is your first step to becoming an M&G community member. Register Registration enables: – M&G newsletters access – notifications – the best possible experience Already registered? Login here Want to subscribe and get even more benefits? Explore our subscription offers

  • Eyaaz
1 min read
File photo by Delwyn Verasamy/M&G

Food prices top minimum wage growth

A Centre for Risk Analysis index measuring the ingredients used in making porridge shows that wages are not keeping pace with prices

  • Des Erasmus
5 min read
In a bid to decrease costs, producers may either reduce the quantity of foods and beverages or they may make the product with cheaper ingredients. Photo: Lefty Shivambu/Gallo Images

SA food prices likely to moderate in 2024

The favourable rainfall and an expected increase in the planting area bodes well for agriculture

  • Eyaaz
3 min read
In a bid to decrease costs, producers may either reduce the quantity of foods and beverages or they may make the product with cheaper ingredients. Photo: Lefty Shivambu/Gallo Images

Vegetable and other food prices remain high

The M&G’s basic food basket survey shows that supermarket prices don’t always drop when those at fresh produce markets do

  • Eyaaz
7 min read
Consumers are angry that the government is treating them like a cash cow instead of fighting corruption and improving its fiscal discipline. File photo by Dwayne Senior/Bloomberg via Getty Images

SA consumers struggle as food prices soar

World food and fuel costs have dropped but grocery prices at local supermarkets remain unaffordably high

  • Eyaaz
6 min read