News archive

News archive - October-2010

South Africa Urges Switch to Yellow Corn, Asian Markets

South Africa’s government said the country should change the type of corn it plants to target markets in Asia and suggested setting up an agency to promote exports.

An investigation conducted by a team of officials from the Department of Agriculture and the National Agriculture Marketing Council recommended that South Africa “aggressively” move toward producing more yellow corn to meet demand from Taiwan, Japan and South Korea. South Africa, the biggest producer of the grain in Africa, grows mainly white corn, locally known as maize.

09.11.2010 / Agbiz in the news

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More than a minister needed to help fix Transnet, Eskom

 The best of luck to new Minister of Public Enterprises Malusi Gigaba - even Superman would not be able to do much about SA's electricity and rail transport challenges, analysts and industry role players said this week.

Gigaba, a former deputy home affairs minister, was appointed to the position previously held by Barbara Hogan.

The lack of permanent leadership at Transnet and the number of acting board members (acting CEO Chris Wells and executive Vuyo Kahla both announced their imminent departures this week) are issues Gigaba will have to address.

07.11.2010 / Agbiz in the news

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South Africa - Gordhan warns about global 'trade wars'

“But this could result in a trade war where countries will put up barriers.”Gordhan said the rand, which has strengthened consistently behind high foreign investment flows, was in “serious danger of competitive devaluation”.Other emerging markets, such as Brazil, Turkey and China, have moved to weaken their currencies, but South Africa’s Reserve Bank governor Gill Marcus has said South Africa can’t afford to act this aggressively.

03.11.2010 / Agbiz in the news

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ABC comments on medium term budgetary policy statement

The Agricultural Business Chamber (ABC) is filled with a sense of sanctuary after the Medium Term

Budgetary Policy Statement by the Minister of Finance, Minister Pravin Gordhan, on 27 October

2010. The stated assessment and expectations by the Minister of Finance on both the global and

domestic economic outlook was generally accepted to be fair and realistic. The ABC agrees that SA’s

economy finds itself in a fragile and slow recovery stage and states that the 3% growth projection

throughout the remaining part of the year might be slightly over-optimistic.

28.10.2010 / Media Releases

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Navorser + Produsent = Wenresep

Boere en ander landbourolspelers van dwarsoor die land het Dinsdag die Outeniqua Navorsingsplaas by George se jaarlikse inligtingsdag bygewoon.

21.10.2010 / Agbiz in the news

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Staat bekyk sy bydrae tot kospryse

Die Regering is besig om te ondersoek hoe die pryse van monopolistiese semi-staatsinstellings kospryse beïnvloed.

Dít volg nadat dr. John Purchase, uitvoerende hoof van die Landboubesigheidskamer, die Departement van Landbou, Bosbou en Visserye versoek het om die Nasionale Landboubemarkingsraad (NLBR) en die Buro vir Voedsel- en Landboubeleid (BFAP) te betrek by ‘n studie oor die invloed van staatsgeadministrateerde tariewe op voedselpryse.

13.10.2010 / Agbiz in the news

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Nationalisation under fire

 South Africa's business community is having sleepless nights about the continued calls for nationalisation of local companies.

Despite repeated assurances by President Jacob Zuma that nationalisation is not government policy, ANC Youth League president Julius Malema uses every platform to push nationalisation and insist that the ANC's national executive committee is discussing it.

10.10.2010 / Agbiz in the news

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