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Product information
You can’t have land transfer without
adequate support systems.
Land reform is susceptible to corruption
and opportunism.
The biggest criticism of land reform is
the focus has been on land and not on
people! It has to come back to people.
He said to remember that agriculture in
South Africa:
Employs people.
Sustains rural towns.
Is responsible for most of the economic
growth.
Has the necessary expertise.
Is important for economic revitalisation.
Has a sophisticated, organised agribusi-
ness sector.
Prof Karaan believes our strength comes
from our diversity. We have a choice of fight
or flight, to resist or innovate. He likes the
resolution taken by Congress to engage
with government on the topic of land ex-
propriation without compensation, but cau-
tioned that we should prepare well and offer
solutions at such engagements.
International export and
value adding
Legislation which supports the use of sur-
plus maize for fuel (which is in short sup-
ply) is needed. This would greatly benefit
local grain markets.
Maize-to-ethanol is profitable in the USA
without subsidy and the distiller's dried
grains with solubles (DDGS) is excellent
animal feed.
The challenge for the future remains
world surpluses. We need to challenge
the cost of production otherwise the lo-
cal industry will always be on the back
foot.
Who is COFCO?
China National Cereals, Oils and Foodstuffs Corporation (COFCO)
engages in agricultural trading and processing businesses, which it
originates from surplus producing regions such as South America,
South Africa, East Europe, North America and Australia, to supply
regions with high demand such as China, Asia and the Middle East.
COFCO owns and operates logistics and processing assets within key
global trade flows and participates in a fully integrated value chain.