South Africa Food Makers Seen Unable to Handle Drought, Rand

  • Record drought decimates crops as rand fuels import costs
  • Price of staple white corn more than doubles since 2015 start

South Africa’s worst drought on record, a plunging currency and debt-burdened consumers are weighing on the country’s biggest food producers, who may sacrifice profits in order to keep prices affordable and preserve market share.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.