South Africa
Analysis and intelligence from The Ledger.

Agri Finance
Pap Is Ancient. Maize Isn’t.
How a crop from the Americas fed the mines, transformed South African farming and became part of the country’s economic infrastructure.

Agri Finance
When Rainfall Becomes Credit Risk
What four decades of El Niño reveal about South African agriculture, food prices, retailers, farmer cash flow and agricultural credit risk.

Economics
The First Real Test of South Africa's 3% Regime
Imported inflation is testing South Africa's lower inflation target before it has fully taken hold.

Economics
Who Really Captures the Value Inside a Firm?
Executive pay, worker wages and the unequal distribution of value inside South African firms.