News archive

News archive - September-2017

Communal land and expropriation without compensation

2017 has seen an unprecedented number of policy proposals to accelerate land reform in South Africa. Some of the proposals have been bold and progressive, such as giving title to communities living communally on state land, and one must give credit where credit is due. Sadly, these positive strides could be undermined by potentially harmful proposals such as amending the constitution to allow for expropriation of land without compensation - Theo Boshoff, Agbiz Head: Legal Intelligence

09.11.2017 / Agbiz in the news

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Western Cape drought weighs on broader agricultural economy

When it comes to agriculture, the Western Cape province is essential - not only because of its production of fine wines, but also because of its contribution to South Africa’s agricultural labour market and the broader economy - Wandile Sihlobo, Agbiz economist (*This column first appeared on Business Day, 09 November 2017).

09.11.2017 / Agbiz in the news

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UPDATE: SA tractor sales at the highest level in 20 months

After declining by 5% m/m in September 2017, the South African tractor sales increased by 28% m/m in October 2017, recorded at 704 units - the highest monthly sales since February 2016. This is somewhat unsurprising given that it is a planting season and farmers need reliable tractors - Wandile Sihlobo, Agbiz economist

06.11.2017 / Agbiz in the news

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25 000 job cuts recorded in SA agriculture in Q3, 2017

After cutting 84 000 jobs in the first half of 2017, South Africa’s agricultural sector saw a further 25 000 jobs lost in the third quarter. This puts the combined agricultural job cuts for the past three quarters of this year at 109 000. About 84% of the third quarter job losses were in the Western Cape, which reflects the impact of the continued drought on agricultural activity in the province - Wandile Sihlobo, Agbiz economist

02.11.2017 / Agbiz in the news

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‘Expropriation without compensation’: Impact on food availability and affordability

We must ensure that land reform happens, but in a sustainable way so that agricultural production and food supply remain vibrant over the coming years in order to prevent basic nutrition from becoming unaffordable. As it currently stands, Stats SA estimates that 13,8 million South Africans, or one in every four, live under the food poverty line, which means they cannot afford their basic food demands and are food insecure. If the price of food increases due to uncertainty regarding expropriation without compensation and the associated disinvestment into the sector, the situation will become even worse. It is therefore vital that we find solutions to accelerate land reform without causing large-scale uncertainty in the agro-food system - Theo Boshoff, Agbiz Head: Legal intelligence

02.11.2017 / Agbiz in the news

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South African farmers intend to increase summer crop hectares in 2017/18

South Africa’s overall 2017/18 summer crops intentions-to-plant data paints an optimistic picture, with the total area plantings expected to increase by 1% from the previous season to 4.03 million hectares - Wandile Sihlobo, Agbiz economist

26.10.2017 / Agbiz in the news

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SA food products price inflation slows to 1.3% y/y

Food products’ price inflation eased to 1.3% y/y in September 2017, from 1.9% y/y in the previous month. The deceleration was broad-based, with the exception of dairy products which inched up from the previous month - Wandile Sihlobo, Agbiz economist

26.10.2017 / Agbiz in the news

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New World Bank book shows value of data in farming interventions

Strategic interventions should be informed by facts in order to be effective in addressing societal challenges - Wandile Sihlobo, Agbiz economist

26.10.2017 / Agbiz in the news

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Gigaba ‘hasn’t allayed farmers’ fears’

The medium-term budget statement did little to inspire business confidence - Dr John Purchase, CEO of Agbiz.

26.10.2017 / Agbiz in the news

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Agbiz response to Minister Gigaba’s Medium-Term Budget Policy Statement

This year’s Medium-Term Budget Policy Statement comes against the backdrop of low business confidence and low economic growth, with GDP being revised down to 0.7% for 2017 from 1.3% in the previous statement - Dr John Purchase, Agbiz CEO

26.10.2017 / Agbiz in the news

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A 2% increase in diesel price on the cards in November 2017

South African fuel prices have been on an upward trend since August 2017, mainly driven by an increase in Brent crude oil prices, as well as a relatively weaker domestic currency - Wandile Sihlobo, Agbiz economist

24.10.2017 / Agbiz in the news

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Land expropriation without compensation will impact the ordinary citizen

As we move closer to the elective conference of the ANC in December, South Africa’s focus is firmly set on who will emerge as the new leader of the ruling political party. Whilst the leadership race has certainly stolen the lime light, one should not neglect the central policy issues postponed in July that are due to be decided at this conference. Chief amongst these issues is the land debate and whether to amend the Constitution to allow for expropriation without compensation. Ironically, this ‘side show’ may well have the most direct impact as ordinary citizens will feel the crunch where it hurts the most, in their wallet. - Theo Boshoff, Head Legal Intelligence

19.10.2017 / Agbiz in the news

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