The UN Food and Agriculture Organization (FAO) reports that its overall Food Price Index averaged 122.0 points in 2024, reflecting a 2.1 per cent decline compared to 2023.

However, food prices showed an upward trend throughout the year, rising from 117.6 points in January to 127.0 in December, an increase of 6.7 per cent over the year.

Key contributors to the rise included meat, dairy, and food oils.

Despite the slight annual dip, FAO emphasizes the ongoing volatility of global food prices.

Economist Patrick Muinde highlights the need for governments and international organizations to implement urgent measures to stabilize food prices and cushion both consumers and farmers against these fluctuations.

The UN Food and Agriculture Organization (FAO) reports that its overall Food Price Index averaged 122.0 points in 2024, reflecting a 2.1 per cent decline compared to 2023.
However, food prices showed an upward trend throughout the year, rising from 117.6 points in January to 127.0 in December, an increase of 6.7 per cent over the year.
Key contributors to the rise included meat, dairy, and food oils.
Despite the slight annual dip, FAO emphasizes the ongoing volatility of global food prices.
Economist Patrick Muinde highlights the need for governments and international organizations to implement urgent measures to stabilize food prices and cushion both consumers and farmers against these fluctuations.

In-depth financial issues, profiling of African businesses doing well internationally, stocks & market updates.

In-depth financial issues, profiling of African businesses doing well internationally, stocks &amp; market updates.

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Africa in Business

Governments urged to implement  measures to stabilise food prices and cushion  consumers

There is optimism that the current rains could lead to the Southern Africa region having a favourable agricultural season after experiencing drought due to El Niño.  

The International Research Institute for Climate Change and Society at Columbia University has placed the probability of a La Niña occurrence at over 50%.

Such weather events typically bring above-average rainfall across the entire Southern region.

Thami Ngubeni spoke to Thabile Nkunjana, a Senior Economist for Trade Research Unit Markets and Economic Research Division at the National Agricultural Marketing Council.

There is optimism that the current rains could lead to the Southern Africa region having a favourable agricultural season after experiencing drought due to El Ni&ntilde;o. &nbsp;
The International Research Institute for Climate Change and Society at Columbia University has placed the probability of a La Ni&ntilde;a occurrence at over 50%.
Such weather events typically bring above-average rainfall across the entire Southern region.
Thami Ngubeni spoke to Thabile Nkunjana, a Senior Economist for Trade Research Unit Markets and Economic Research Division at the National Agricultural Marketing Council.

Southern Africa region is expected to have a favourable agricultural season as  La Niña occurrence kicks in 

South Africa's government has started a process to review the current legislation that deals with local government.

This comes as many local municipalities fail to deliver on services they are constitutionally required to deliver to citizens because of corruption and mostly because they are broke.

Resolving problems at the municipal level will become more urgent as the country heads to local government elections in 2026.

However, experts say while corruption is no doubt a big issue, the bigger problem is the funding methodology that the national treasury uses to fund municipalities.

Our reporter Dimakatso Leshoro spoke to Gundo Maswime, a lecturer at the University of Cape Town and an expert and researcher in municipal infrastructure.

South Africa's government has started a process to review the current legislation that deals with local government.
This comes as many local municipalities fail to deliver on services they are constitutionally required to deliver to citizens because of corruption and mostly because they are broke.
Resolving problems at the municipal level will become more urgent as the country heads to local government elections in 2026.
However, experts say while corruption is no doubt a big issue, the bigger problem is the funding methodology that the national treasury uses to fund municipalities.
Our reporter Dimakatso Leshoro spoke to Gundo Maswime, a lecturer at the University of Cape Town and an expert and researcher in municipal infrastructure.

South Africa reviews legislation that deals with local government funding 

South Africa's National Consumer Commission has launched an investigation into FlySafair's alleged overbooking practices, following widespread consumer complaints.

Thami Ngubeni spoke to Aviation analyst, Phutego Mojapele.

South Africa's National Consumer Commission has launched an investigation into FlySafair's alleged overbooking practices, following widespread consumer complaints.
Thami Ngubeni spoke to Aviation analyst, Phutego Mojapele.

Governments urged to implement measures to stabilise food prices and cushion consumers

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