How the South African government's policies are hindering poultry industry growth and job creation

  • 📰 mailandguardian
  • ⏱ Reading Time:
  • 60 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 92%

South Africa Headlines News

South Africa Latest News,South Africa Headlines

Despite a R1.8 billion investment that created 2 000 jobs, low demand and stalled export growth leave poultry production capacity idle

Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.Chicken farmers are not the only ones to have borne the brunt of government failings, but their experience illustrates what can go wrong. File photo

The result is that jobs are lost, and possibly thousands more are not created. Large producers fall from profit to loss, and are now slowly recovering when they could have been expanding production for local and export markets. Many small-scale farmers went bankrupt, closed shop and laid off their workers.

South Africa’s poultry industry is an example of a sector where growth is frustrated, not because of industry actions but because of the government. For the past few years, when the poultry master plan should have resulted in growth and jobs, poultry executives must often have felt that the government was working against them, not with them.

Then last year Patel proposed rebates on chicken imports, to fill a non-existent gap in supply to the local market. Despite vociferous opposition from the poultry industry, and evidence that the rebates were unnecessary, they came into effect from January to March this year. The plan aimed to curb chicken imports and reduce their market share as the local industry grew and expanded production. Imports have indeed been curbed, albeit temporarily because of bird flu outbreaks in foreign producer countries.

Source: News Formal (newsformal.com)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SARS double-tax warning for South African expatsSouth African expats are battling the South African Revenue Service (SARS) to avoid double taxation.
Source: BusinessTechSA - 🏆 24. / 61 Read more »

South African camera sales solid despite smartphone photography improvementsAccording to Outdoorphoto, smartphones have bolstered the camera market, opening up demand for new accessories and greater potential for upgrades to dedicated cameras from a larger community of photographers.
Source: mybroadband - 🏆 11. / 67 Read more »

South African CEOs cautiously optimistic despite inflation concerns, PwC survey findsSouth African CEOs cautiously optimistic despite inflation concerns, PwC survey finds
Source: News24 - 🏆 4. / 80 Read more »

South Africa: Tributes Pour In for South African Actor Mpho Sebeng After Tragic Car CrashSouth African actor Mpho Sebeng tragically passed away in a car accident on Sunday morning in Potchefstroom. The news was confirmed by his family in a statement later that evening.
Source: allafrica - 🏆 1. / 99 Read more »

Can an African ratings agency provide a fairer assessment of African credit?The AU is pushing for an Africa-centric credit rating agency to address chronic low ratings from major agencies like S&P, Moody’s and Fitch. These low ratings exacerbate public debt, threatening the sustainability and access to international and domestic lines of credit.
Source: TheAfricaReport - 🏆 29. / 55 Read more »

Central African Republic: 20 Dead After Ferry Sinks in Central African Republic, Witnesses SayAt least 20 people have drowned in Central African Republic after a ferry sank while carrying passengers on a river, witnesses said Saturday.
Source: allafrica - 🏆 1. / 99 Read more »