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Moneyweb‘Most of these guys are running at a loss, especially when it's a 70 cents reduction, which is a 10% reduction that you just can't afford anymore,’ says Samilco CEO André van Heerden.
MoneywebDairy farmers squeezed as milk prices fall and costs soar. The R2bn plan to tackle child stunting. And Africa’s energy wake-up call – cutting dependence in a world of oil shocks.
Business BagelToday’s edition House Rules Presented by Good morning, and welcome to your Thursday Roundup. Sun International is trying to get ahead of South Africa’s growing gambling problem, while government has a problem of its own ahead of next week’s mini-budget. Meanwhile, dairy farmers
Business BagelLactalis has cut its raw milk price in September and October and plans a third cut in November, and the Cape co-op Samilco has taken the fight to the Competition Commission.
News24 BusinessSamilco, which represents dairy farmers in the Western Cape and Eastern Cape, says farmers are caught between declining raw milk prices and input costs rising towards “an all-time high”.
Farmer's WeeklySouth Africa’s dairy farmers have become so efficient that there is little room left to cut costs, yet most still struggle to earn worthwhile returns. Farmers are being forced to produce more milk to survive, but the market is not growing fast enough to absorb it.