News archive

News archive - June-2017

South Africa well on track for a record maize harvest

The National Crop Estimate Committee revised its maize production estimates up by 2% from the previous month to 15.97 million tonnes - Wandile Sihlobo, Agbiz economist.

27.07.2017 / Agbiz in the news

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A 2% uptick in fuel price on the cards in August 2017

After experiencing two consecutive monthly declines, fuel price is set to increase on 2 August 2017. A notable uptick will be on diesel price which could be 2% from the previous month, whereas petrol might increase by a mere 0.6% - Wandile Sihlobo, Agbiz Economist

17.07.2017 / Agbiz in the news

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Solid performance in SA agricultural machinery market

The South African machinery sales remain vibrant compared to the same period last year. This is largely attributed to the strong recovery in agricultural production, says Wandile Sihlobo, Agbiz economist.

12.07.2017 / Media Releases

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Agbiz supports BUSA with inputs to the Davis Tax Committee

The Davis Tax Committee was initiated in 2013 to assess South Africa’s tax policy framework and its ability to achieve the national objectives of inclusive growth, employment, development and fiscal sustainability - Theo Boshoff, Agbiz Head: Legal Intelligence

29.06.2017 / News

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SA’s annual food producer price inflation decelerates to 5.7%

The benefits of the uptick in agricultural production are already reflected in producer price inflation. Data released this morning showed that South Africa’s food producer price inflation slowed to 5.7% y/y in May 2017 from 6.4% in April 2017 - Wandile Sihlobo, Agbiz economist

29.06.2017 / Agbiz in the news

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South Africa set to harvest the biggest soybean crop on record

Despite revising the country’s soybean production forecast to 1.23 million tonnes in May, the Crop Estimate Committee has again winched up its forecast to 1.34 million tonnes – making this season’s crop the largest on record - Wandile Sihlobo, Agbiz Economist

28.06.2017 / Agbiz in the news

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More of the same - SA’s wheat import tariff review outcome

The outcome of the review of the dollar-based reference price and variable tariff formula for wheat was released this morning.  The review was initiated by the government in April 2016 due to concerns about the impact... - Wandile Sihlobo

23.06.2017 / Agbiz in the news

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Intro to Agbiz/Tiger Brands session for Vision 2030 Summit

It is indeed a rare opportunity in the history of South Africa, given its fractious past and legacy of conflicts, that a vision is developed that finds significant favour and support with the majority of people across its immense diversity. This vision is captured in... -  John Purchase, Agbiz CEO

22.06.2017 / Agbiz in the news

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A 5% cut in fuel price on the cards in July 2017

Fuel price is set to decline for a second consecutive month on 05 July 2017. This time around, we expect a significant cut of 5% from the previous month for both diesel and petrol price - Wandile Sihlobo, Agbiz economist

19.06.2017 / News

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Agbiz/IDC Agribusiness Confidence Index marginally declines in Q2, 2017

The Agbiz/IDC Agribusiness Confidence Index declined, albeit marginally, by one Index point to 56 points in the second quarter of this year. Despite the slight decline in confidence, the sector remains in expansionary territory - Wandile Sihlobo, Agbiz economist

12.06.2017 / Media Releases

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Ten major trends impacting on the future of agribusiness

The traditional agricultural business model is changing for various reasons, and this requires new thinking and strategies from leaders in agribusiness. Agribusinesses are challenged with meeting the growing demand for food, fibre and beverages, while... - Dr John Purchase, CEO

09.06.2017 / Agbiz in the news

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‘Back to basics’ approach needed for transformation in the agro-food sector, not a flood of new legislation

The past couple of months have seen the floodgates truly open with new Bills and regulations aimed at land reform, and the latest raft of legislation largely adds to existing confusion - Theo Boshoff, Manager legal intelligence

08.06.2017 / Agbiz in the news

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SA’s agricultural machinery market remains vibrant

The South African agricultural machinery market remains vibrant, driven by a robust recovery in agricultural production and a stable domestic currency, for now - Wandile Sihlobo, Agbiz Economist

07.06.2017 / News

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Agbiz Position – Manager: International Trade and Investment Intelligence

Agbiz has to fill the vacant position of Manager: International Trade and Investment Intelligence, as soon as possible.  The deadline for applications is end of June 2017.

07.06.2017 / Agbiz in the news

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SA agricultural economy now showing signs of recovery

The agricultural GDP has landed in positive territory for the first time since 2014, driven by a robust recovery in agricultural production - Wandile Sihlobo, Agbiz economist

06.06.2017 / Agbiz in the news

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