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Abstract
During the past year, there have been major policy reforms in Lesotho and South Africa with
respect to maize pricing and marketing. In Lesotho the impact of deregulation on producers,
consumers and government revenues was substantially lower than it should have been, and
as a result Lesotho was not able to reap the full benefits of these changes. This is partly
because information on the changes to the maize marketing system did not reach the potential
beneficiaries of the new system. Free and easily accessible information is an essential element
of a free market system. SACU countries must ensure the availability of information if they
want to compete internationally.