Agricultural Economist at South Africa’s First National Bank (FNB) has bemoaned lack of investment in infrastructure that supports agriculture.
Paul Makube, FNB Senior Agricultural Economist reacting to national budget presented by finance minister Tito Mboweni said agriculture pillars need urgent upgrading.
“The roads, ports and rail need to be upgraded as without investment agriculture could go the Eskom route,” said Makube.
Makube added that overall the budget had been positive for agriculture, although it is of essence to ensure implementation of the measures.
He further added that measures to improve private sector investment in agriculture are welcomed.
Hamlet Hlomendlini, Agri-specialist at Absa Retail and Business Banking also encouraged partnerships with government, as a step forward.
