News archive

News archive - June-2016

Agribusiness Outlook for 2017

As predicted, 2016 has been an extremely challenging and tumultuous year for the agribusiness environment and farmers alike, Agbiz CEO, Dr John Purchase, said today at a media briefing in Pretoria. Not only did the prevailing drought of the previous years continue its devastation over much of the country, but a declining economy...

25.11.2016 / Media Releases

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Agbiz/IDC Agribusiness Confidence Index declines marginally in Q4, 2016

The Agbiz/IDC Agribusiness Confidence Index declined by 5 index points in the fourth quarter of this year.  Seven out of ten sub-indices of the survey showed expansion, with the exception of turnover, net operating income and employment sub-indices, which were the key drivers of this decline. 
- Wandile Sihlobo, Agbiz

21.11.2016 / Media Releases

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Agbiz calls on all leaders and South Africans to uphold the Constitution and Rule of Law

“Events of the past week should be a major wake-up call to all South Africans. From Julius Malema’s anti-white and ‘land nationalisation without compensation’ utterances, to the totally absurd and unacceptable ‘coffin case’ racism..."
- Dr John Purchase, CEO of Agbiz

21.11.2016 / Media Releases

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South Africa’s agricultural machinery sales decline

Agricultural machinery sales data indicates that in October 2016, tractor sales were down by 16% when compared to October 2015.  We believe that tractor sales could maintain the current trend, as sowing activity is already in full swing and few farmers will potentially make purchases in the coming months.
- Wandile Sihlobo

16.11.2016 / Agbiz in the news

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South African fuel prices set to drop next month

Given the expected fuel price decrease, it would be ideal for farmers and agribusinesses to slow down on fuel purchases this month and only start re-stocking up next month.
- Wandile Siholobo, Agbiz economist

15.11.2016 / Agbiz in the news

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SA farmers pushed to the brink

Commercial farmers struggling to stay afloat in the face of a devastating drought are now auctioning off their livestock. Agricultural unions said the farmers in the Western Cape, North West and Free State were among the worst affected.
- www.iol.co.za

14.11.2016 / Agbiz in the news

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Trump kan lei tot handelsoorlog

Mnr. Wandile Sihlobo, hoof van ekonomiese en landbousake-inligting by Agbiz, sê die internasionale sentiment jeens Trump sal waarskynlik negatief wees weens onsekerheid oor sy beleidsrigting.
- www.landbou.com

11.11.2016 / Agbiz in the news

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Rand/US Dollar to remain a key driver of South African grain prices

South Africa is traditionally a net exporter of maize and a net importer of wheat. However, during 2015/16 marketing year the country became a net importer of both maize and wheat due to lower supplies on the back of a drought season.

03.11.2016 / Agbiz in the news

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Agbiz response to Minister Gordhan’s medium-term budget policy statement

Rarely has a medium-term budget policy statement (MTBPS) generated as much interest as the MTBPS of today, and rightly so. With continued sluggish and deteriorating economic growth, and increased demands on the fiscus for ‘free’ higher education, drought and other support for the agricultural sector, social welfare, a nuclear power programme and many more, Minister Gordhan and National Treasury have had a tough job to balance expenditure with lagging tax revenue. 

26.10.2016 / Agbiz in the news

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Groundnut production drops to 18 850t

Groundnut production in SA has declined to its lowest levels since 1946.  The drought was one of the main reasons for the industry’s poor performance, said Wandile Sihlobo, head of economic and agribusiness intelligence at Agbiz. 
- Farmer's Weekly

18.10.2016 / Agbiz in the news

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Avocados to US, nuts to China to boost SA’s exports

US consumers may soon see South African avocados on their supermarket shelves as growers from the country look for new markets to sustain export growth momentum that’s set to taper in its home continent.
- www.bloomberg.com

13.10.2016 / Agbiz in the news

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Jobless set to multiply as growth lags

A’s low growth will leave many people outside the labour market, with about 400,000 people failing to find employment every year, statistician-general Pali Lehohla has said.
- www.bdlive.co.za

12.10.2016 / Agbiz in the news

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Food and beverages manufacturing output accelerates

Recent food and beverage sectors’ manufacturing data indicates that in August 2016, output increased by 3.1% year-on-year (y/y), after registering a 0.8% y/y contraction in July 2016.

11.10.2016 / Agbiz in the news

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South Africa’s food producer price inflation rises again

Recent producer price index data indicates that in August 2016, producer inflation for final manufactured goods decelerated to 7.2% from 7.4% year-on-year (y/y) in the previous month.

29.09.2016 / Media Releases

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Why red meat prices will soar, even if the drought is broken

Red meat prices are expected to rise, further straining food inflation, as farmers rebuild their herds following record slaughters to cope with the worst drought in a century, industry experts say.
- www.bdlive.co.za

26.09.2016 / Agbiz in the news

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Start-up funding now available in reopened project

Speaking on behalf of the business community, John Purchase, who is CEO of Agbiz as well as a member of the National Economic Development and Labour Council (Nedlac), said business strongly welcomed the reopening of the MCEP.
- www.bdlive.co.za

21.09.2016 / Agbiz in the news

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DTI partially reopens manufacturing incentive after months of inactivity

Agbiz CEO Dr John Purchase indicated that, while the agriculture sector welcomed government’s intention to establish a bespoke agroprocessing incentive, business had, nevertheless, “implored” the DTI to continue with the MCEP in the interim.
- www.polity.org.za

21.09.2016 / Agbiz in the news

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The biggest stumbling block for SA agriculture

Overall, policy uncertainty remains a key stumbling block for the South African agriculture sector and could potentially discourage investments over the foreseeable future, Agbiz said on Monday.
- www.fin24.com

21.09.2016 / Agbiz in the news

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Agriculture sector optimism moves to highest level since late 2014

Confidence in the recession-struck agricultural sector has jumped to its highest level in eight quarters, suggesting an expansion in South African agribusiness activity, an index showed on Monday.
- www.bdlive.co.za

20.09.2016 / Agbiz in the news

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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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