SA’s agricultural sector needs to adapt quickly to climate change, which is already having a noticeable effect on the country’s weather patterns, says Mark Dytor, CEO of explosives and chemicals group AECI.In Gauteng, the rainy season had been pushed back, meaning farmers were planting less maize and more sunflowers, for instance. And the Western Cape still had irrigation restrictions in place.
“For example, we should be taking waste water, cleaning that up and using that in agriculture. At the moment, we’re putting it into rivers and dams and contaminating them,” Dytor said. Dytor said “there are great opportunities” for AECI’s water treatment and agricultural businesses, which accounted for about 12% of profits in the year to December. “We need to leverage that now,” he said.
“The company delivered a solid set of results given tough trading conditions,” said PSG Wealth portfolio manager Schalk Louw, who added that the numbers caught the market off-guard.Louw said the Schirm and Much Asphalt deals had raised AECI’s debt levels “significantly”, though the Schirm business in particular could boost future earnings and ultimately reduce debt.
Agge no man....now the ANC will introduce another tax.
Anisiyeke boh!
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