News archive

News archive - June-2016

Agbiz/IDC Agribusiness Confidence Index improves significantly in Q3 of 2016

After remaining below 50 index points for five consecutive quarters, the Agbiz/IDC Confidence Index recovered significantly in the third quarter of this year. This is the highest reading since the third quarter of 2014.

19.09.2016 / Agbiz in the news

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Coming harvest season recovery in doubt

 The debate about SA’s 2016/17 summer crop production has returned to the top of the agenda as we enter the new production season.
- www.businesslive.co.za

05.09.2016 / Agbiz in the news

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Maize production targets

South Africa is nearing its normal maize production targets. Wandile Sihlobo from Agbiz provides comment.
- ENCA

02.09.2016 / Agbiz in the news

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Grootplaas onderhoud met Agbiz CEO

Dr John Purchase van Agbiz het in die Grootplaas ateljee gekuier en gesels oor die Agbiz landboubesigheidsindeks en sakevertroue in die plaaslike landbousektor. 

29.08.2016 / Agbiz in the news

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South Africa’s crop production estimates paint a mixed picture

Recent data from the National Crop Estimate Committee (CEC) showed an upward revision in yellow maize production, up by 1% from the previous estimate to 4.2 million tons.

26.08.2016 / Agbiz in the news

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Drought has cost SA R2bn in lost exports

SA’s worst drought in decades has cost the country billions of rand in lost export revenue.  The country’s agricultural exports declined in 2015 for the first time in 10 years, Overall, the country’s agricultural exports shrank from R106bn in 2014 to R104bn in 2015, the business chamber said.
- www.bdlive.co.za

22.08.2016 / Agbiz in the news

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Farming sector needs positive thinking

The Agbiz/IDC Agribusiness Confidence index gauging the perception of agribusiness decision-makers in the second quarter of 2016 ticked up by four index points to 47. This shows that conditions are improving, albeit slightly, even though not yet at desired levels.
- www.bdlive.co.za

22.08.2016 / Agbiz in the news

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Agbiz/IDC Agribusiness Confidence Index slightly improves in Q2 of 2016

The Agbiz/IDC Confidence Index recovered by 4 index points in the second quarter of this year to 47. An index point below 50 indicates contraction in the South African agribusiness activity. The 47 index point suggests that agribusinesses are still holding a pessimistic view regarding business conditions.

01.08.2016 / Agbiz in the news

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Food inflation accelerates in line with market expectations

Recent data from Statistics South Africa indicates that in June 2016, headline inflation accelerated to 6.3% year-on-year (y/y) from 6.1% y/y in May 2016
- Wandile Sihlobo, Agbiz economist

20.07.2016 / Agbiz in the news

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SA may not be able to import enough white maize to meet demand

SA, which is set to produce the smallest maize crop since 2008 this year, may miss a target to import enough of the white variety this season to meet consumers' needs, the biggest agricultural lobby group said. -Bizcommunity

18.07.2016 / Agbiz in the news

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Zim-verbod op invoer is ‘rooi vlag’

Zimbabwe se verbod op die invoer van sekere voedsel- en ander produkte uit SA is “ ʼn rooi vlag” vir kleinhandelaars en mense in die betrokke waardekettings. Landbouweekblad

15.07.2016 / Agbiz in the news

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Agbiz Newsletter - 8 July

In this week's newsletter:
Brief comments on South Africa's white maize market; Land dynamics in Africa: What is the potential for expansion?; Prioritisation of South Africa's orange export markets in the Far East

08.07.2016 / News

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Abnormally high maize prices are temporary

Farmers must improve how they plan the next season’s buying, production and marketing strategies to minimise risks. There are growing concerns about the outlook of South Africa’s agriculture due to a number of macro-level risk factors. - Moneyweb 

08.07.2016 / Agbiz in the news

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Position available for Management Accountant at Agbiz

The purpose of this position is to provide professional advice and support to management, with regards to financial planning, budgeting, and reporting, to ensure that effective decisions are made.

06.07.2016 / Agbiz in the news

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Brexit

South Africa makes around R7.4billion per annum in export earnings from the UK as a result of an EU trade agreement. This is 25% of revenue that the country earns from the export of agricultural products to the European Union. Economist Wandile Sihlobo from Agbiz spoke to SAFM about this issue.

26.06.2016 / Agbiz in the news

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“Brexit” vote not an immediate game changer for RSA Agricultural Exports

Britain’s decision to vote to leave the European Union (EU) has sparked wider concerns regarding its existing trade engagements under the EU. For South African agriculture, the most exposed sectors to the British market are fruit and wine industries.

24.06.2016 / Agbiz in the news

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Highlights from the 26th IFAMA World Conference

The 26th IFAMA World Conference was hosted by IFAMA, the world-renowned Danish Food Cluster, and the Wageningen International Conference on Chain and Network Management in the picturesque city of Aarhus in Denmark. Dr John Purchase shares some of the highlighs.

24.06.2016 / Agbiz in the news

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White maize sufficient for coming months, Agbiz says

South Africa, Africa’s top maize producer, has enough white maize for the coming months as dry weather helps boost harvesting, but the country may struggle to source required imports of the grain it uses as a staple later this season, an industry body said.

23.06.2016 / Agbiz in the news

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What would Brexit mean for South African wine exports?

As British citizens decide whether to remain or leave the EU (the so called Brexit vote) on 23 June 2016, how will SA’s wine exports be reconfigured should Britons choose the latter?

22.06.2016 / Agbiz in the news

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Food inflation eases slightly against market expectation

Recent data from Statistics South Africa indicates that in May 2016, headline inflation eased to 6.1% year-on-year (y/y) from 6.2% y/y in the previous month. This was well below the market expectations of 6.4% y/y.

22.06.2016 / Agbiz in the news

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SA, Poland in controversial poultry deal

Local producers are crying foul after Poland and South Africa entered a poultry export deal, which they claim may open the door to other EU deals. www.iol.co.za

22.06.2016 / Agbiz in the news

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Brexit risks for SA agri exports

The EU-SADC Economic Partnership Agreement (EPA) was signed two weeks shy of a referendum in which Britain is set to make a decision on whether to stay as a part of the European Union (EU) or not. South Africa’s celebrations of the EPA were beset by uncertainty over the seemingly possible reality of an EU without Britain. 

20.06.2016 / Agbiz in the news

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Drought and doubt hits Sadc agribusiness

Land policy uncertainty and the drought in the Southern African Development Community (Sadc) region are driving down confidence levels in the agribusiness sector. 
www.bdlive.co.za 

20.06.2016 / Agbiz in the news

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Agbiz 2016: Being fit for the future

Henry Ford (1922) said in his book, My Life and Work: "The moment the farmer considers himself as an industrialist ... farming will be considered as among the least hazardous and most profitable of occupations." In a sense referring to innovation, Mr Ford's statement still holds some lessons for agribusiness, albeit not restricted to industrialisation, which was characterised by, amongst others, the use of technological innovation to solve problems. www.bizcommunity.com

19.06.2016 / Agbiz in the news

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Agribusiness Confidence Index

The Agbiz / IDC agribusiness confidence index for the 1st quarter of 2016 has dropped by a further 15%. According to some experts this drop indicates that South African agribusinesses still have a pessimistic business outlook.
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18.06.2016 / Agbiz in the news

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Agbiz honours Professor Karaan

South Africa’s Agricultural Business Chamber (Agbiz) has honoured Professor Mohammad Karaan of Stellenbosch University’s Faculty of AgriSciences for his exceptional service to the South African agribusiness sector. www.iol.co.za

15.06.2016 / Agbiz in the news

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Future success much wider than technology or technological innovation - Agbiz Congress

Henry Ford (1922) said in his book, My Life and Work: “The moment the farmer considers himself as an industrialist … farming will be considered as among the least hazardous and most profitable of occupations.” In a sense referring to innovation, Mr Ford’s statement still holds some lessons for agribusiness, albeit not restricted to industrialisation, which was characterised by, amongst others, the use of technological innovation to solve problems.

10.06.2016 / Media Releases

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Reserve Bank will do its part to ensure competitive advantage - Agbiz Congress

Agribusinesses can rest assured that the South African Reserve Bank is committed to containing inflation.

10.06.2016 / Media Releases

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