Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 33 n° 348

Posts Tagged ‘South Africa’

South Africa Tile Industry Report 2019

Posted by fidest press agency su lunedì, 11 marzo 2019

South Africa’s tile industry is experiencing difficulties due to poor economic conditions, restrained consumer spend and limited public and private sector investment. The construction industry, on which the tile sector is reliant, is highly dependent on government infrastructure development which has been slow.Despite the tough conditions, major player Italtile grew its store network of CTM, Italtile Retail and TopT by 9% to 176 in 2018 and will open 10 to 15 more in 2019. Tile Africa, owned by London-based Norcros, has 32 owned stores and two franchise stores and added two in 2018 with plans to open a further two stores in 2019. Metrotile Europe has also increased its footprint in South Africa and neighbouring countries through local partner Metrotile SA.

Posted in Estero/world news | Contrassegnato da tag: , , | Leave a Comment »

Cargo Handling, Storage and Warehousing in South Africa – 2018 Report

Posted by fidest press agency su domenica, 9 dicembre 2018

The “Cargo Handling, Storage and Warehousing in South Africa 2018” report has been added to’s offering. This report focuses on the loading and unloading of cargo, irrespective of the transport mode used, and the operation of storage and warehousing facilities for all kinds of goods, but excludes storage facilities operated by companies for their own use.
It examines current conditions and discusses the issues, difficulties and opportunities facing the sector. Also covered are regulatory developments and initiatives by government and local companies.The report profiles 51 companies including local subsidiaries of multinationals such as Santova Logistics, local companies operating internationally such as Barloworld and Grindrod and several state-owned enterprises which dominate the sector such as Transnet and SAA.Approximately 90% of South Africa’s international trade is moved by sea through Transnet ports in the form of containers, dry bulk, liquid bulk, break-bulk and automotives. Air freight accounts for a very small percentage of the total freight moved in, to and from South Africa.South African exports for the seven months to end-July 2018 increased by 3.6% while imports for the same period increased by 10.2%. Low economic growth, the volatile currency, poor investor confidence and credit rating downgrades will have a negative effect on the volume and value of goods requiring handling, storage and warehousing..Transnet and South African Airways (SAA) are among the state-owned entities under the spotlight in the commission of inquiry into state capture, corruption and fraud in the public sector, while SAA remains financially vulnerable.
A World Bank report reflects a significant drop in the performance of South Africa’s logistics industry based on factors including customs efficiency, quality of infrastructure and logistics services, ability to trace and track consignments and the frequency with which shipments arrive on time.South African ports are losing their competitive edge to other African ports due to their high port tariffs, congestion, berthing delays, labour unrest, equipment availability and work stoppages.

Posted in Estero/world news | Contrassegnato da tag: , , | Leave a Comment »

The Banking Industry in South Africa 2018

Posted by fidest press agency su venerdì, 7 settembre 2018

The South African banking sector which has total assets of R5.14-trillion, remains highly concentrated with the five largest banks holding 91% of total assets as of 31 December 2017.While the country’s big banks dominate, the sector is also diversified with 36 South African banking institutions registered with the Reserve Bank and 30 foreign banks with approved representative offices in South Africa. There are over 6,000 credit providers registered with the National Credit Regulator.The banking landscape is changing rapidly as banks face increasing competition from technology-based financial services – from newly established banks to retailers offering mobile transactional banking accounts.Competition coming from newly-licensed commercial banks and growing credit granting from other credit providers is likely to encourage the big four banks to place increasing emphasis on growing customer numbers with innovative product offerings, especially to attract lower-income earners.Competition from newly established Discovery Bank, Bank Zero and TymeDigital, which aim to disrupt the sector, may force big banks to intensify efforts to modernise technology platforms to satisfy customers’ demand.

Posted in Estero/world news | Contrassegnato da tag: , , | Leave a Comment »

New CAT update on South Africa

Posted by fidest press agency su lunedì, 3 settembre 2018

The new South African government under President Cyril Ramaphosa has released the long-awaited draft of its Integrated Resource Plan (IRP 2018) this week, setting out a new direction in energy sector planning. The plan includes a shift away from coal, increased adoption of renewables and gas, and an end to the expansion of nuclear power.The revised plan, if adopted, would mark a major shift in energy policy, which is remarkable for a coal-dominated country like South Africa. It aims to decommission a total of 35 GW (of 42 GW currently operating) of coal generation capacity from state-owned coal and utility giant Eskom by 2050, starting with 12 GW by 2030, 16 GW by 2040 and a further 7 GW by 2050.
The plan also proposes a significant increase in renewables-based generation from wind and solar as well as gas-based generation capacity by 2030 and beyond, with no further new nuclear capacity being procured.Implementing the IRP update of 2018 could bring South Africa close to meeting the upper range of its 2030 NDC target. However, we rate South Africa’s NDC target as “Highly Insufficient”. South Africa will still need to adopt more ambitious targets to meet its NDC, such as expanding renewable energy capacity beyond 2030, phasing out coal, substantially limiting natural gas use by 2050 as well as work on other sectors like transport, industry and buildings.The 2018 IRP update is open for public comment until November 2018, but the Government hasn’t yet communicated a timeline for the plan’s final adoption.After almost two years of stalling, in February 2018, the Department of Public Enterprises finally gave approval to the Department of Energy and Eskom (which owns the majority of South Africa’s coal plants) to sign outstanding power purchase agreements with renewable energy companies. The Ministry of Energy has announced that a new bid round for renewable energy projects will open in November 2018. The success of these promising signs of progress under new Minister of Energy Jeff Radebe remains uncertain, given the expected pushback by unions and industry toward the proposed IRP update as well as Eskom’s ongoing financial struggles.

Posted in Estero/world news | Contrassegnato da tag: , , | Leave a Comment »

Triton Digital Partners with 365 Digital to Amplify Programmatic Audio Advertising in South Africa

Posted by fidest press agency su giovedì, 14 dicembre 2017

South AfricaTriton Digital®, the leading technology provider to the global audio industry, announced today a partnership with South Africa’s leading digital publisher solutions company, 365 Digital, whereby 365 Digital will leverage the industry’s leading programmatic audio marketplace, a2x®, and promote the benefits and efficacy of the digital audio channel to publishers and advertisers throughout South Africa. Triton Digital’s a2x is the world’s first programmatic marketplace for digital audio. Utilized by buyers around the world, a2x supports both open marketplace and private transactions, providing complete control over deal terms, brand safety, and ad quality. 365 Digital will utilize the intuitive tools within a2x to effortlessly execute non-skippable audio buys across the engaged digital audiences of podcasts, broadcast radio streams, online games, sports, and online music services.“No other audio technology provider is as committed to leadership and innovation as Triton Digital, and we are thrilled to partner with them to provide brands, agencies, and publishers throughout the region with the tools, data, and support they need to take advantage of this extraordinarily effective marketing channel,” said Julian Jordaan, Commercial Director at 365 Digital. “With unrivalled yield optimization and a continuous flow of connected DSPs, a2x will enable publishers and advertisers to buy audio programmatically and scale their campaigns across a number of South Africa’s premier publishers and content types through a single, transparent exchange.” “We are proud to partner with 365 Digital to fuel programmatic audio in South Africa,” said Benjamin Masse, Managing Director, Market Development and Strategy at Triton Digital. “We look forward to working with them to provide publishers and advertisers throughout South Africa with the tools and support they need to connect with new and engaged audiences in a meaningful way.” Inventory within a2x is accessible to buyers through a number of DSPs, including MediaMath, The Trade Desk, AudioTrade, RTBiQ, and AppNexus.

Posted in Estero/world news | Contrassegnato da tag: , , , | Leave a Comment »

South African abalone by Abagold now Friend of the Sea certified

Posted by fidest press agency su sabato, 11 luglio 2015

abagoldThe South African company Abagold was audited, in 2015, by an independent certification body and was found fully compliant with all the strict Friend of the sea criteria for sustainable aquaculture. Abagold is the first abalone company in the world to be awarded the Friend of the Sea certification. Certified products – sold locally and in export markets, including Hong Kong and Singapore – will now proudly carry the Friend of the Sea international eco-label.
Abagold is located in Hermanus and operates on four farms: Sea View, Amaza, Sulumanzi and Bergsig. The four aquaculture sites combined comprise 10 hectares and house over 2,000 land-based tanks. All potential environmental impacts are managed and professionally controlled, preventing any impact on the surrounding ecosystem. No change or alteration which could have negatively affected the environment occurred during and after the construction of all the various sites.“Abalone have been identified as one of the many classes of organism threatened with extinction due to overfishing, acidification of oceans” explains Dr Bray, director of Friend of the Sea. “Farming abalone can decrease the fishing pressure and help recovery.”
“Abagold applied for Friend of the Sea certification, as we are fully committed to the environment and we consider the organisation to be the most reliable measure of such sustainability standards. Abagold is the first abalone company in the world to achieve this certification. This is a very clear message for our customers and consumers regarding our commitment to marine habitat conservation,” says Mr. Werner Piek, the Marketing manager at Abagold.
Abagold produces abalone, the world’s most desirable seafood, in close harmony with nature at the most southern tip of Africa. The pristine cool water of the Atlantic Ocean provides all the necessary nutrients for the cultivation of the highest quality abalone. The company exports live, canned and dried abalone from it’s ISO 22000 accredited production facility all over the world and builds lasting relationships with loyal clients.
Abagold also produces top quality aquatic feeds through subsidiary, Specialised Aquatic Feeds (Pty) Ltd. In addition, their investment in Mean Sea Level (Pty) Ltd gives exposure to alternative energy solutions, specifically, generation of electricity through harnessing wave energy as well as energy recovery.
Friend of the Sea is an international certification program for products from sustainable fisheries and aquaculture. Over 450 companies in more than 50 countries have relied on Friend of the Sea to assess the sustainability of their seafood origins. Audits, based on best and most updated available scientific data, are run by accredited independent certification bodies.

Posted in Estero/world news, Spazio aperto/open space | Contrassegnato da tag: , , , | Leave a Comment »

South Africa: Higher political risk to business, factional infighting in ANC’s hybrid regime

Posted by fidest press agency su lunedì, 24 novembre 2014

jacob_zuma_0423The report was written for South African Monitor ( The report comes to the following conclusions:
1. There has been a major change in foreign media reporting on the Zuma government in the one-party-dominant state of South Africa. It is epitomized by The Economist’s call in May 2014: “Time to ditch the ANC”.
2. Under the rule of president Jacob Zuma, South Africa has moved from a flawed democracy to a hybrid regime. The fracas in Parliament on 13 November 2014, with riot police removing an opposition politician, and Zuma’s opaque nuclear deal with Russia, are just the latest signals in this regard.
3. The locus of politics is no longer parliament and elections, but a field of power where non-democratic and democratic elements interact. These elements include: an unaccountable presidentialism; the securitization of politics and political assassinations; weak democratic checks on the executive; extending the ANC’s power in a one-partydominant state through state patronage and pro-ANC crony capitalists.
4. Factional competition over positions and resources is intensifying in the ANC, its allies and breakaway factions, like the Economic Freedom Fighters and NUMSA trade union. These dynamics will result in shifts, uncertainty and discretionary decisions in economic policy-making. They will also result in militant strikes, political tensions and protests, and local political assassinations.
5. High levels of state debt and the ANC’s own funding problems are driving a search for sources of income. The ANC has “eaten the state”. Higher taxes, new licence conditions and more beneficiation requirements are now likely in the next five years.
6. The ANC government is proceeding with several initiatives and legislation that will weaken property rights and increase government intervention in the economy. Sectors like minerals and energy, the security industry, telecommunications, pharmaceuticals and agriculture will be most exposed. The ANC could become more dependent on foreign patrons like Russia and China.
7. Political competition and factionalism over positions and resources will intensify in the run-up to the local elections in 2016, the ANC’s leadership succession in 2017, and the national elections in 2019.South African Monitor has also announced that the report will be discussed on 10 December 2014, International Human Rights Day. The event will take place at 19.00-22.00 at the Nieuwspoort Press Centre, The Hague (Netherlands). The participants will be Dr. Ineke van Kessel, senior researcher at the Africa Studies Centre, Leiden (Netherlands) and Prof. Koos Malan, constitutional expert at the University of Pretoria (South Africa). Confirmation of attendance should be sent to by or before 5 December 2014.

Posted in Estero/world news | Contrassegnato da tag: , , , | Leave a Comment »

World Jewish Congress reaction to death of Nelson Mandela

Posted by fidest press agency su lunedì, 9 dicembre 2013

South Africa

South Africa (Photo credit: United Nations Photo)

NEW YORK – The president of the World Jewish Congress (WJC) has called Nelson Mandela, the former South African president and campaigner against the apartheid regime who passed away Thursday at the age of 94, “unquestionably the most inspiring human rights advocate of our times”. Ronald S. Lauder declared: “Nelson Mandela was one of those very rare leaders who were revered not just by their own people but universally, across all political and communal divides. As a builder of bridges, he was second to none, and with his huge charisma, wisdom, democratic convictions and tremendous determination he ensured that the transition of his country from an apartheid state into a free and democratic nation was successful.”Lauder added: “Whilst he will be greatly missed, Nelson Mandela will continue to serve as an inspiration for countless people around the word, including many Jews. He will always be remembered as one of the world’s foremost political leaders of the past century, not least because he managed to bring together the various ethnic and religious communities of his home country. South Africans have every reason to be proud of this great son their country.”In Cape Town, WJC Policy Council Co-Chairman Mervyn Smith, who also serves as head of the African Jewish Congress and is a past president of the South African Jewish Board of Deputies, said: “Nelson Mandela, from his young days as a lawyers’ clerk in Johannesburg, had a close relationship with South African Jews. During his trial from 1956 to 1961 and thereafter, he was defended by many Jewish lawyers and advocates. After his release from prison, he met with the leadership of the Jewish community frequently and counted many South African Jews as his personal friends.“On the day after he was elected president of South Africa in 1994, he attended Shabbat services at a synagogue in Cape Town. He was admired, revered and respected by the Jewish community and by all South Africans,” Smith added.

Posted in Estero/world news, Spazio aperto/open space | Contrassegnato da tag: , , , | 4 Comments »

CEC says Mandela’s reconciliation example can inspire European churches

Posted by fidest press agency su lunedì, 9 dicembre 2013

English: Woman And Child, Lothian Road Sculptu...

English: Woman And Child, Lothian Road Sculpture of Woman And Child by Anne Davidson from 1986. The statue celebrated Edinburgh’s stand against the apartheid system in South Africa at the time of the imprisonment of Nelson Mandela and fighting in Soweto township. (Photo credit: Wikipedia)

The Conference of European Churches expresses sincere condolences to the family of Nelson Mandela and the people of South Africa after the death of the Nobel Peace Prize Laureate on December 5 at his home in Johannesburg at the age of 95.”Nelson Mandela inspired all people with his selfless generosity, humanity, sacrifice, leadership and wisdom,” said Rev. Dr Guy Liagre, CEC General Secretary in a statement.European churches which supported South Africa’s oppressed minority during the sad days of apartheid were overjoyed when Nelson Mandela was released from prison on 11 February 1990 in the first step of reconciliation and justice in his country.When he was South Africa’s president, Mandela addressed the 8th Assembly of the World Council of Churches in Harare, Zimbabwe in 1998. There he praised churches’ efforts against apartheid in South Africa, as well as missionaries for bringing high standards of education to Africa from which Mandela said he benefitted as a child.Mandela had said, “You have to have been in an apartheid prison in South Africa to appreciate the further importance of the Church.””European churches thank God that that their efforts against the apartheid regime played some part in ending its vile racism. More importantly they are grateful for his inspiration and example in reconciliation and the healing of divisions that can be applied in present day Europe,” said Liagre.The Conference of European Churches (CEC) is a communion of 115 Orthodox, Protestant, Anglican and Old Catholic Churches from all European countries, and 40 organisations in partnership. It was founded in 1959 and the CEC has offices in Geneva, Brussels and Strasbourg.“We’re at the mercy of God, please pray for us.”Caritas staff in the Central African Republic are reporting the capital Bangui and many parts of the country are gripped by chaos and terror as fighting continues between forces loyal to the ex-president and the fighters who overthrew him.“The whole country is terrorised,” said Fr. Anicet Assingambi of St Charles de Lwanga parish in the north of Bangui. Tens of thousands of people are seeking shelter in Bangui’s church buildings and church compounds throughout the country.
“There are five thousand people hiding in our parish buildings. A woman told me she’d seen her brother gunned down. All men are shot at if they go outside. There is a young man dead on the street outside, but it’s too dangerous to go outside to remove his body,” said Fr. Anicet Assingambi.It’s impossible at the moment for Caritas staff to reach those in need with food and other aid.”We have nothing to give them ,” said Fr. Anicet Assingambi. “Their homes have been looted. They’re mourning their dead. When they arrived in the church, the children were crying. We sang hymns and said prayers and that has helped calm people down. We have never seen anything as bad as this before.

Posted in Cronaca/News, Estero/world news, Spazio aperto/open space | Contrassegnato da tag: , , , | Leave a Comment »

Mac masters Le Golf National

Posted by fidest press agency su lunedì, 8 luglio 2013

Graeme McDowell won the Alstom Open de France to claim his third title of 2013 at Le Golf National before a 52,500 crowd.McDowell, who in his last eight tournaments has missed the cut five times and won the other three, carded a brilliant closing 67 at Le Golf National to finish nine under par, four clear of South Africa’s Richard Sterne, who had been only one behind until bogeys at the 16th and 17th allowed McDowell a victory march down the 18th fairway.Sterne eventually did well to par the 18th for a final round of 71 to make sure of outright second, with 2007 winner Graeme Storm and Spain’s Eduardo de la Riva a shot behind.McDowell missed the cut in last week’s Irish Open but reaped the rewards of staying on at Carton House over the weekend to work on his game, the first prize of €500,000 euros taking him within €30,000 of US Open Champion Justin Rose at the top of The Race to Dubai.”It’s very special after the last couple of months,” McDowell admitted.”It’s been a bit of a battle. It’s been a funny year. My game has not felt far away most weeks but I have missed a lot more cuts than normal and missing cuts hurts.”It certainly motivated me a lot the last few weeks. The US Open was a tough one to take and missing the cut in Ireland last week; it made me more hungry to want to be in positions like I was this afternoon.“To win a title as prestigious as the French Open over a course that I think is the best we play on The European Tour, is very special and something I will remember for a long time.”McDowell was quick to extol the virtues of Le Golf National as a Ryder Cup host venue, with the Versailles course set to host the biennal match between Europe and the United States in 2018.“It’s going to be a phenomenal venue come 2018,” he said. “I think the guys, Jean Van de Velde and his team, have done a fantastic job here. This golf course has got better and better every year and I think we are in for one of the greatest Ryder Cups of all time in a few years’ time, and I just hope I can be here for that.”

Posted in Estero/world news | Contrassegnato da tag: , , , | Leave a Comment »

G-Mac on the attack at Le Golf National

Posted by fidest press agency su domenica, 7 luglio 2013

Graeme McDowell moved within striking distance of a third victory of the season after a third round of one under 70 gave him a share of the lead with South Africa’s Richard Sterne heading in to the final round of the Alstom Open de France.The Northern Irishman and Sterne will begin Sunday’s Final round with a one shot advantage over Richard Green, David Howell and Bernd Wiesberger but their toughest opponent will undoubtedly be Le Golf National and its drama-inspiring closing stretch of four holes where anything can happen.“I couldn’t have asked for a better position to be going into the last round,” said McDowell, who has won already this year on the PGA Tour and at the Volvo World Match Play Championship.“Well, I’d like to be five ahead, of course, but I’ll take it. I feel under control and I’m enjoying it. “It’s a packed leaderboard with so many guys within five shots so anything can happen tomorrow and I really just need to go out there and keep my head down and see what we can do.“Le Golf National is probably one of the hardest finishes in European golf. I think it’s comparable to the finish at TPC Sawgrass. This golf course has an element of that in it, the stadium effect that this course has. To me, it’s a classic Scottish and Irish links meets TPC at Sawgrass. It’s got a bit of everything and it’s a fantastic golf course.”Sterne, who carded a third round 71 to stay alongside McDowell in five under, couldn’t agree more.“I was very pleased with 71 at the end,” said the South African, also a winner this year on The European Tour at the Joburg Open.“This course can bite you in a lot of places and obviously the finish here is probably the toughest finish on the Tour. I got off to a good start today. Just had two or three bad swings at the wrong time and unfortunately that’s the game.“I am looking forward to playing with Graeme. He’s a Major winner and it is always a good sign when you are teeing off in the last group of a big tournament with a Major Champion.”

Posted in Estero/world news | Contrassegnato da tag: , , , | 2 Comments »

Les parlements de l’UE et la gouvernance de l’UEM

Posted by fidest press agency su venerdì, 12 aprile 2013

Yves Bertoncini prend part au débat sur la dimension démocratique de l’Union économique et monétaire et sur “l’union politique” dans une Tribune inspirée des remarques conclusives qu’il a formulées lors d’un séminaire co-organisé avec la FEPS sur le thème “Le rôle des parlements dans la coordination des politiques budgétaires et économiques” le 25 mars 2013 à Bruxelles.Il développe quatre séries de constats et de recommandations portant sur
1 – La nécessité de clarifier l’impact des réformes de la gouvernance de l’UEM sur les souverainetés et les démocraties nationales ;
2 – Le renforcement de la dimension parlementaire de l’UEM à trois niveaux complémentaires
3 – Une répartition fonctionnelle des tâches entre parlements européen et nationaux ;
4 – La nécessité de clivages politiques plus visibles, y compris au sein des parlements.

Posted in Estero/world news, Politica/Politics | Contrassegnato da tag: , , , | Leave a Comment »

BRICS development bank can rival IMF and World Bank

Posted by fidest press agency su giovedì, 28 marzo 2013

Professor of International Business Geoffrey Wood believes the new BRICS development bank can rival the International Monetary Fund (IMF) and the World Bank if it can reconcile its competing agendas. Leaders of the so-called BRICS nations – Brazil, Russia, India, China and South Africa – are in Durban putting together the new bank, which will initially focus on infrastructure and development projects. The BRICS nations make up 40 per cent of the world’s population and 17 per cent of world trade and though where it will be based and how much capital it will have is yet to be decided Professor Wood, of Warwick Business School, can see it becoming a big attraction for emerging markets.
“The track record of the IMF and World Bank austerity policies are very mixed, and there is little doubt that many nations would welcome an alternative to these bodies,” said the Warwick Business School Professor. “This is likely to make the BRICS development bank hugely influential if, indeed. But, in the short term, this is contingent on the extent to which it reconciles the competing agendas of the BRICS countries. “Most people assume that the current economic crisis has led to a great strengthening of the power of the World Bank and the IMF, and that this power is largely uncontested. What is interesting however, are the limits of the power of these bodies. “The aftermath of the Asian financial crisis saw a number of countries in Asia – and Russia as well – stockpiling foreign exchange reserves precisely so they did not have to make recourse to the IMF or World Bank again. “The proposed BRICS development bank represents an important new development, that, potentially further circumscribes the influence of these bodies. “The BRICS development bank will be extremely attractive to many developing countries who have had their fingers burned through engaging with the World Bank and the IMF. “In theory, the BRICS bank could erode the role and status of the IMF and the World Bank. However, the details of how the BRICS bank is governed and how it will operate remain unclear. What is even unclear is the amount of initial capitalization; very different sums of money are being bandied about. It will certainly be some years before the bank is operational, but in the long term it could have a significant impact.” The bank would have access to a huge and growing market, though the power struggle between the nations involved could lead to difficulties says Professor Wood.“China holds vast foreign exchange reserves and is likely to be, in some manner or other, the dominant player in the BRICS bank,” said Professor Wood.
“As the weakest BRICS member, South Africa has perhaps most to gain from establishing the bank, although all may gain from the international clout the new body may confer.“South Africa is the smallest BRICS member and has become increasingly reliant on minerals exports, which provide volatile revenue streams and, ultimately are a depleting resource.“South Africa could be faced by a balance of payments crisis in the future, and the BRICS bank could potentially be a lifeline for it.”

Posted in Economia/Economy/finance/business/technology, Estero/world news | Contrassegnato da tag: , , , | 1 Comment »

News from the Competition: South Africa

Posted by fidest press agency su sabato, 12 novembre 2011

South Africa - Satellite image - PlanetObserver

Image by PlanetObserver via Flickr

Every few years South Africa produces enough corn to compete for export sales. The latest statistics from the South African Grain Information Service show that in the May-April 2010/11 marketing year South Africa exported 1.05 million metric tons (41 million bushels) of white corn and 1.02 million metric tons (40 million bushels) of yellow corn.Most of the white corn was exported to Sub Saharan Africa with 613,080 mt (24 million bushels). South Korea was the largest overseas purchaser at 203,087 mt (8 million bushels). Other buyers included Italy, Mexico and Pakistan. South Korea was the largest single buyer of yellow corn (610,721 mt/24 million bu) compared to Sub-Saharan Africa at 129,137 mt (5 million bu) and smaller sales to Japan, Taiwan, Spain, Protugal and Kuwait.In the current marketing year (May–October 2011), South African corn exports have included more than 1 million mt (39.4 million bushels) of white corn and 650,000 mt (25.5 million bu) yellow corn. As the main buyer of white corn, Mexico purchased 701,279 mt (27.6 million bu) with smaller sales to Italy, Korea and Venezuela. South Korea is the leading purchaser of yellow corn (302,259 mt/11.9 million bu) followed by Taiwan (161,550 mt/6.4 million bu). Meanwhile, concerns are being raised that production forecasts may be too optimistic and that South Africa could face a very tight stocks situation from January through April, especially for white corn.

Posted in Economia/Economy/finance/business/technology, Estero/world news | Contrassegnato da tag: , , , | 1 Comment »