# Everest Wealth Advisory Services CEO, Thys van Zyl, warns that poor infrastructure and logistical bottlenecks contribute directly to higher food prices in the country. He says the World Bank recently warned that South Africa has limited time to entrench its infrastructure reforms if the country hopes to accelerate economic growth and restore its competitiveness. Van Zyl says South Africa’s logistics costs as a percentage of gross domestic product are currently estimated at between 11- and 12-percent, significantly higher than in many comparable emerging markets.
Everest Wealth warns poor infrastructure and logistical bottlenecks contribute directly to higher food prices