HISTORY RHYMES, DIFFERENTLY

Namibia’s 2027 El Niño test is South Africa’s maize crop, not local rainfall. Three past droughts show food inflation follows SA harvests, the Rand peg and a thinning fiscal buffer.

Namibia’s 2027 El Niño test is South Africa’s maize crop, not local rainfall. Three past droughts show food inflation follows SA harvests, the Rand peg and a thinning fiscal buffer.