Kaya 959 Kaya Biz

South African fresh produce value chain remains rarefied, report finds

Loading player...
GUEST – Derrick Bowles - Principal Analyst at the Competition Commission
Some points of accord with the industry – the need to ringfence income generated by fresh produce markets and to invest in its ailing infrastructure – and some points sure to ruffle feathers in the Competition Commission's provisional report on its wide-ranging inquiry into the fresh produce value chain, from the price of seeds and water rights to retail floor space.
The domestic fresh produce market is estimated at over R53 billion (2.7 billion euros) annually, of that about R21 billion (1.08 billion euros) is sold through the national wholesale markets and R32 billion (1.6 billion euros) through formal retail.
The Commission has previously investigated allegations of price fixing by several market agencies, but since the matter is currently before the Competition Tribunal, it was left out of this inquiry. Practices by market agents such as stock reservation and reserve buying and credit sales could distort price discovery, it notes.
19 Jun 2024 2PM English South Africa Business News · Investing

Other recent episodes

Paymenow data shows SA workers lose 40% of purchasing power.

A new Paymenow analysis shows South African workers have lost more than 40% of their purchasing power over the past decade—even as headline inflation stayed within target. Rene Richter, Reward & Benefits Lead Advisor at Paymenow, joins Kaya Biz to unpack why wages aren’t keeping up, how transport and utilities…
21 May 2PM 10 min

Oceana H1 Results: Lucky Star Shines as Fishmeal Stumbles

Oceana Group has delivered a resilient set of interim results despite a 6% drop in revenue. Lucky Star and Wild Caught Seafood carried the half‑year, while Fishmeal & Fish Oil struggled under weak catch volumes and global pricing pressure. CFO Zaf Mahomed joins Kaya Biz to break down margins, cash…
21 May 2PM 18 min

Inside Investec’s Strong 2026 SA Performance

Investec SA has delivered a robust full‑year performance in a tough macro environment. CEO Cumesh Moodliar joins Kaya Biz to unpack the 5.2% rise in SA operating profit, strong momentum in specialist banking, wealth inflows, digital transformation, and what the bank expects from the South African economy heading into 2027.
21 May 2PM 13 min

Stats SA Explains April’s Sharp Inflation Rise to 4%

South Africa’s inflation rate surged to 4.0% in April, driven by fuel, transport, and housing pressures. Stats SA’s Patrick Kelly unpacks the numbers, the 1.1% month‑on‑month spike, and what’s behind the dramatic swing in transport inflation. We explore regional differences, goods vs. services inflation, and what this means for households…
20 May 4PM 11 min

4% Inflation and the SARB’s Next Move

With inflation back at 4% and oil‑driven risks rising, the SARB faces a critical decision next week. Economist Sifiso Skenjana unpacks the April CPI print, the credibility of the new 3% target, and whether a rate hike is now on the table. We discuss real interest rates, global financial conditions,…
20 May 4PM 15 min
All episodes