If the recent plunge in the value of the rand has not had you worried, -you've got your priorities wrong, and you're neglecting a serious business risk.
The value of the rand has collapsed and is continuing to do so faster than the currencies of most other developing countries. But that's not all; the rand is also one of the most volatile currencies in the world. The graphs below show the seriousness of the problem.
Graph 1 compares the rand value to the US dollar from 1975 to 1997 and from 2001 to 2023. Note not only the steepening trend of declining value from 2010 onwards, but also the increase in volatility compared with the previous 1975-97 period.
Esta historia es de la edición June 30, 2023 de Farmer's Weekly.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición June 30, 2023 de Farmer's Weekly.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.
Ya eres suscriptor? Conectar
Ancient Chinese horses: how are they related to modern breeds?
Archaeology of ancient graves containing horse skulls points to China's indigenous Jinjiang as a genetically unique breed, says Dr Mac.
In it for the win and so much more
The long-awaited GWM Tank 300 HEV has arrived. This feature-packed hybrid electric vehicle is the SUV of the future, writes Gary Wium.
Starting a small-farm vegetable project: Part 7
It is one thing to have a good product, but we need to bring its outstanding features to the attention of the purchaser, writes Bill Kerr.
A comparison between Phase C and Phase D growth tests
Melville Ferreira and Freek Botes, researchers at the Agricultural Research Council's Animal Production Insititute in Armoedsvlakte, explain why performance testing is important for herd progress.
Changing the potential of your soil
By building soil carbon levels, farmers can improve the resilience of their crops, reduce the use of chemical pesticides and fertiliser, and buffer their crops against extreme weather. Glenneis Kriel reports.
A smart farm springs up and empowers locals
An experimental 'smart farm' is taking root at the doorstep of Gauteng's only Big Five game reserve and could become a blueprint for other socially and environmentally conscious farms in the future, writes Tanya Faber.
Proactive care helps to improve longevity of cows
Glenneis Kriel reports on the recent South African Cow Longevity Conference, where it was said that food security was the major concern at the moment.
Fresh market sales remain stable despite inflation
Cost fluctuations are a concern, but the potato market stands firm, writes Glenneis Kriel.
Ear implants can backtrack diseased cattle
However hard it hits the cattle owner to learn that there is unsuspected disease in their herd, it is to their advantage to know of it as soon as possible to prevent its further spread, as well as taking measures to eradicate the trouble where possible.
SA's electricity crisis: a dim legacy
South Africa's electricity crisis is the result of a series of failures over the past 30 years, says Mark Swilling, distinguished professor of Sustainable Development at Stellenbosch University.
