How is South Africa (SA) affected by the crisis in the Ukraine?

Vunani Securities compiled a report looking at South African Revenue Service (SARS) data. The following are points taken from there.

• Wheat is the first and obvious area of concern. Last year, 46.3% of SA's wheat came from the Ukraine and Russia. Sourcing more expensive wheat elsewhere will cause higher food prices. Rising food prices is one the chief drivers of inflation in this country.
• About 11% of SA's total fertiliser imports come from Russia, along with some 10% of its imports of copper wire and 7.4% of its cigars and cigarettes.
• Russia imports tanned/dressed fur skins and artificial fur products, jams, fruit jellies and marmalade from SA. Manganese ore, wine and citrus fruit are other major exports to both Russia and Ukraine.

Source: Business Day