Food prices edge up on SA drought
Friday, March 27, 2015
Botswana imports bulk of its grain demand from South Africa. PIC: KAGISO ONKATSWITSE
This comes on the back of drought in South Africa that has shrunk the SA crop by almost a third, leading to an increase in maize meal prices. Botswana imports about 95 percent of its white maize from South Africa.
It was reported that maize prices in Botswana had increased by up to 40 percent since December last year and that the market should expect further increases in the price of finished products from this month.
While the minister is of the view that the proposal would have significant positive economic impact, the entertainment industry players believe otherwise. The issue has over the weeks become a hot potato. But what is of essence right now is that the country needs liberal ideas to move in the right direction While opening up the economy may sound quite interesting to the ear, rolling out extended trading hours through pilot programmes without...