News archive

News archive - March-2017

SA agricultural sector likely to pay 3% more for diesel next month

The weaker ZAR/USD exchange and higher Brent crude oil prices means agribusinesses and farmers could be paying 3% more for a litre of diesel next month.
- Wandile Sihlobo

18.04.2017 / News

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Good news for agribusiness likely to be short-lived

SA’s combined harvester sales continue to show strong growth ahead of a bumper crop this season, Agbiz said this week. However, optimism in the agricultural machinery market may be short-lived as the weaker rand could increase the cost of equipment.
- www.businesslive.co.za

10.04.2017 / Agbiz in the news

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Decision by S&P to downgrade SA’s sovereign debt to junk status is bad news for agribusiness and especially for consumers

The dramatic political developments of the past week, and the consequential and expected downgrading of SA’s investment grade to so-called junk status, is seriously bad news for the agricultural and agribusiness ....
- Dr John Purchase, CEO of Agbiz

07.04.2017 / Media Releases

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SA’s wheat import tariff revised down

South Africa’s wheat import tariff has been revised down to R1 190.19 per tonne, which is a 25% decline from the rate of R1 591.40 per tonne.
- Wandile Sihlobo, Agbiz economist

31.03.2017 / Agbiz in the news

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South Africa could harvest the second biggest maize crop on record

South Africa is set to harvest the second biggest maize crop on record. This comes after the National Crop Estimate Committee revised up its forecast by 3% from the previous one to 14.32 million tonnes.
- Wandile Sihlobo

28.03.2017 / News

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Food inflation to simmer down to single digits

SA’s unusually high food price inflation was expected to drop to single digits for the first time in a year, economists predicted. The downward trend is expected to continue despite another drought being forecast for later in 2017.
- Supermarket and Retailer

22.03.2017 / Agbiz in the news

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Land reform clarity will help advance the agricultural sector

The optimism and desired growth in the agricultural sector could be short lived if South Africa delays in endorsing a unified and responsible policy stance.
- www.huffingtonpost.co.za

21.03.2017 / Agbiz in the news

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Government aims to ban foreigners from buying land

Government wants to ban foreigners from buying agricultural land.  Arabile Gumede (The Money Show) interviewed Theo Boshoff (Manager: Legal Intelligence at Agricultural Business Chamber).  Listen to the interview in the audio below: 
http://www.702.co.za/articles/249048/government-aims-to-ban-foreigners-from-owning-land

 

20.03.2017 / Agbiz in the news

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The great compensation debate; are we moving away from a universally accepted human rights culture?

Amid recent calls to amend property clause in constitution to allow expropriation of farmland without compensation, one cannot help but wonder whether original purpose of provision is not being lost amongst political rhetoric... 
- Theo Boshoff, Manager: Legal Intelligence, Agbiz

09.03.2017 / Agbiz in the news

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Droogte knyp landbou se deel vir BBP

Die landbou was steeds in die laaste kwartaal van verlede jaar in ʼn resessie, maar die vooruitsigte vir vanjaar lyk goed. Só sê mnr. Wandile Sihlobo, landbou-ekonoom van die landbousakekamer Agbiz.
- www.landbou.com

08.03.2017 / Agbiz in the news

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SA’s agricultural machinery sales show monthly uptick

Recent agricultural machinery sales data show that in February 2017, tractor sales were down by 8% when compared to February 2016 — with 675 units sold.
- Wandile Sihlobo, Agbiz Economist

07.03.2017 / Agbiz in the news

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South African agricultural sector remained in recession in Q4, 2016

Although some commodities such as winter grains and prone fruits saw increased activity in the fourth quarter of 2016, South Africa’s agricultural sector remained in recession.
- Wandile Sihlobo, Agbiz Economist

07.03.2017 / Agbiz in the news

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Agbiz/IDC Agribusiness Confidence Index Q1, 2017

The Agbiz/IDC Agribusiness Confidence Index improved by 2 Index points in the first quarter of this year to 57. A reading above 50, indicates expansion in the South African agribusiness activity. 
- Wandile Sihlobo, Agbiz Economist

06.03.2017 / Agbiz in the news

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