The Agricultural Business Chamber (ABC) has said that the Sasol Agricultural Trust, worth R30 million, launched recently will play a significant role in helping South African agriculture regain its potential for growth.
Over the next three years the trust will provide funds for research and programmes that will benefit the competitiveness of the country’s commercial and emerging farmers. CEO of the chamber, Dr John Purchase, explained that SA agriculture had not grown to its full potential during the past decade.
23.03.2012 / Agbiz in the news
Agribusinesses applauded finance minister, Pravin Gordhan for putting emphasis on reducing the cost of doing business in South Africa during his 2012 budget speech.
Gordhan said that rapid increases in administered prices must be addressed.
But, according to the Agricultural Business Chamber, Gordhan’s words carry little weight, as the increase in the fuel levy (28c/l) and “the remaining burdening regulatory regime” will only cause the cost of doing business to increase further.
09.03.2012 / Agbiz in the news