News archive

News archive - August-2017

A 5% increase in fuel price on the cards in September 2017

Following a slight uptick in the beginning of August 2017, fuel price is set to increase further on 06 September 2017. The prices of diesel and petrol could increase by 5% from the previous month to the highest level in four months - Wandile Sihlobo, Agbiz economist

16.08.2017 / Agbiz in the news

More

Draft Intellectual Property Policy, phase 1 released for public comment

On 8 August, the Department of Trade and Industry released phase 1 of the draft Intellectual Property Policy for public comment.  The draft policy seeks to facilitate the National Development Plan’s goal of migrating South Africa from a resource-intensive economy to a knowledge economy - Theo Boshoff, Head: Agbiz Legal Intelligence

11.08.2017 / Agbiz in the news

More

40 000 job cuts recorded in SA agriculture in Q2, 2017

After cutting 44 000 jobs in the first quarter of 2017, South Africa’s agricultural sector saw a further 40 000 jobs lost in the second quarter – putting the total labour force at 835 000 jobs. However, it is worth noting that this is in line with the season’s trend due to reduced horticultural activity in the second quarter - Wandile Sihlobo

07.08.2017 / Agbiz in the news

More

SA tractor sales saw a notable uptick in July 2017

The good performance in the domestic currency in June and early part of July, coupled with expected large domestic grain and oilseed harvest boosted the tractor sales in July 2017. The sales were recorded at 502 units – up by 5% from June 2017 and 11% higher than the corresponding period last year - Wandile Sihlobo, Agbiz economist

07.08.2017 / Agbiz in the news

More

Copyright © 2017 by Agricultural Business Chamber