SA’s dithering on Russia puts our exports at risk – agri sector (Moneyweb)
About half of South Africa’s R230bn agricultural production is destined for external markets – with a minute amount (less than 2%) going to Russia.
As the geopolitical risks brought on by South Africa’s close ties with Russia stack up, nurturing trade relations with the EU and other key agricultural export markets is critical – or the country risks running at a loss, according to Wandile Sihlobo, chief economist of the Agricultural Business Chamber of South Africa.
Asked about the merits of South Africa’s controversial cosy relationship with Russia to the country’s agricultural sector, Sihlobo said its agricultural trade with Russia is minute. Click here to read the full the article
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