Food comes before biofuel, says Oxfam

Analysis by Oxfam of several thousand land deals of the past decade shows that an area eight times the size of Britain has been left idle by or is being used largely to grow biofuels for Western cars. Oxfam urged the World Bank to freeze investments in such land acquisitions.

“More than 60% of investments in agricultural land by foreign investors between 2000 and 2010 were in developing countries with serious hunger problems. But two-thirds of those investors plan to export everything they produce on the land. Nearly 60% of the deals have been to grow crops … for biofuels,” says the report.

Since 2008, says Oxfam, 21 formal complaints have been brought by communities affected by World Bank investments they claim have violated their land rights.

Oxfam’s chief executive, Barbara Stocking, said: “The World Bank is in a unique position to help stop land grabs becoming one of the biggest scandals of the century. Investment should be good news for developing countries, not lead to greater … hardship.” – © Guardian News & Media 2012  

Advertisting

‘We’re satisfied with SA’s land reform policy’— US Ambassador

Top US official is lobbying multinational firms to invest in South Africa

Hosni Mubarak is dead, but the Egypt he built is...

Despite the efforts of the Arab Spring, Egypt is still led by a military dictatorship made in Mubarak’s image

Inside the Security Branch: Torture between brandy and boerewors

A former SB operative, Paul Erasmus, talks about the torture of a young trade unionist, Neil Aggett, and the machinations at John Vorster Square
Advertising

Press Releases

South Africa’s education system is broken and unequal, and must be fixed without further delay

The Amnesty International report found that the South African government continues to miss its own education upgrading targets

Business travel industry generates billions

Meetings Africa is ready to take advantage of this lucrative opportunity

Conferences connect people to ideas

The World Expo and Meetings Africa are all about stimulating innovation – and income

SAB Zenzele Kabili B-BBEE share scheme

New scheme to be launched following the biggest B-BBEE FMCG payout in South Africa’s history

TFSAs are the gymnasts of the retirement savings world

The idea is to get South Africans to save, but it's best to do your research first to find out if a TFSA is really suited to your needs

Achieving the litmus test of social relevance

The HSS Awards honours scholarly works based on their social relevance and contribution to the humanities and social sciences

Making sense of tax-free savings and investment

Have you made the most of your tax-free investment contributions?

Response to the report of the independent assessors

VUT welcomes the publishing of the report of the independent assessors to investigate concerns of poor governance, leadership, management, corruption and fraud at the university.