South Africa, the continent’s largest corn producer, raised its forecast for output of the grain this season 4.5 percent, and the harvest may be the largest since 1981, the Crop Estimates Committee said.
Heavy rain in South Africa’s capital, the neighboring main financial hub of Johannesburg and in the east of the country may further damage an economy weakened by labor strikes, high unemployment and power outages.
The southern hemisphere rugby alliance called a misconduct hearing to investigate South Africa coach Peter de Villiers for suggesting that New Zealand was being favored by match officials before the 2011 World Cup.
South Africa coach Peter de Villiers escaped sanction from the southern hemisphere rugby alliance for suggesting that New Zealand was being favored to boost the All Blacks’ popularity before next year’s World Cup.
Grain SA, the biggest representative of commercial farmers in South Africa, said prices for the nation’s white corn could surge as much as 27 percent if the drought-stricken North West province doesn’t get more rain to enable farmers to plant.