SA’s maize mafia cartel.

The African Centre for (ACB) has released a new research compilation titled “: Lessons For Africa-Cartels, Collusion And Control Of ’s ”. The report can be accessed in its entirety here, http://www.acbio.org.za/index.php/publications/rest-of-africa/449-gm-maize-lessons-for-africa.

South African maize is a to millions of South Africans and the report reveals how a select group of companies, including Tiger Brands, Pioneer and Premier Foods, have marginalized the poor by controlling the entire maize marketing chain. The is that the entire market is saturated with placing millions of South African and their surrounding brothers and sisters at risk to the after effects of prolonged exposure to a toxic food substance where human has not been established by credible safety studies.

Instead the , through the Public Investment Corporation (PIC) is the largest investor in Tiger Brands. Over 50% of the company’s shares are held outside .

Gareth Jones, a researcher at the ACB commented: “It appears as if ’s major millers and retailers are making healthy profits from our and certainly not passing falling maize prices onto .’ The report shows that from April 2007 to April 2013, the average cost of a 5 kg bag of increased by 43.7% in rural areas, and 51.8% in urban areas. ‘These sharp price increases aggravate the already appalling conditions that millions of South Africans live under. This is particularly significant for the poor, who spend 41% of their income on an average “food basket”.

The report reveals the insidious marketing efforts of the Maize Cartel where Premier and Pioneer have all expanded their operations on the continent and Tiger Brands operates in 22 countries on the African continent.”Having already gorged their profit margins on the poorest of the poor in , these corporate giants are now glancing covetously to the vast African market north of the Limpopo. Experiences from should serve as stark warnings”, warned Mariam , director of the ACB.

Source

ACB Press Release

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