News archive

News archive - February-2018

Expropriation without compensation: What we need now are calm heads and rational thinking

When the news broke on the eve of the 27th of February that Parliament had voted in favour of the motion brought by the Economic Freedom Fighters on expropriation without compensation, I, like many colleagues working in the agribusiness sector, found myself wondering what more this shortened month could possibly hold in store for us - Theo Boshoff, Agbiz Head: Legal Intelligence

09.03.2018 / Agbiz in the news

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SA agri exports hit record level

South Africa’s agriculture exports overshot the US$10-billion mark for the first time last year, up 15% from 2016, with the sector recording a record positive trade balance of US$3.3 billion - Wandile Sihlobo, Agbiz economist

06.03.2018 / Agbiz in the news

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SA agricultural economy grew by 17.7% in 2017

After an extended contraction in 2015 and 2016, the South African agricultural economy grew by 17.7% in 2017. This was boosted by strong output in almost all the subsectors, such as field crops, livestock and horticulture, amongst others. In fact, this is also clear from trade data, where the country’s agricultural exports grew past the US$10 billion mark for the first time - Wandile Sihlobo, Agbiz economist

06.03.2018 / Agbiz in the news

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Agriculture export growth depends on rainfall and rand

South Africa’s agricultural sector has an auspicious outlook, albeit, challenges such as policy uncertainty and climate change remain dark clouds over the sector.  In 2017, South Africa’s agricultural exports grew past US$10.0 billion for the first time, boosted by growth in exports of edible fruits, beverages, spirits, vegetables, grains and other agricultural products. This is a 15 percent increase from 2016 – a year that was characterised by El Niño induced drought - Wandile Sihlobo, Agbiz economist and head agribusiness research at Agbiz

01.03.2018 / Agbiz in the news

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Agbiz hosts session on current challenges in the policy and legislation environment

On 1 March 2018, Agbiz hosted a most successful half-day session for close to almost 100 role players and stakeholders in the agribusiness sector. The session focused on current challenges in the policy and legislation environment, as well as developments and opportunities in the agribusiness sector. The event was attend by agribusinesses, financiers, producers and agri-associations. 

01.03.2018 / Agbiz in the news

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Agriculture export growth depends on rainfall and rand

South Africa’s agricultural sector has an auspicious outlook, albeit, challenges such as policy uncertainty and climate change remain dark clouds over the sector.  In 2017, South Africa’s agricultural exports grew past US$10.0 billion for the first time, boosted by growth in exports of edible fruits, beverages, spirits, vegetables, grains and other agricultural products. This is a 15 percent increase from 2016 – a year that was characterised by El Niño induced drought - Wandile Sihlobo, Agbiz Economist and Head Agribusiness Research

01.03.2018 / Agbiz in the news

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Policy paralysis could create more tenant emerging farmers

They say an apple does not fall far from the tree, this seems to hold when comparing the current and old policies developed in the agricultural sector. Some policies such as land, marketing, infrastructure and training have been repealed and replaced over the past two decades to correct the structural imbalances caused by historic laws between commercial and emerging farming. However, their design and implementation processes tend to either maintain or exacerbate the situation leading to more marginalized emerging farmers and increasing rate of food insecure households in the country - Sifiso Ntombela, Trade economist and Agbiz Head International Trade and Investment

01.03.2018 / Agbiz in the news

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Agbiz is bly dat Nene en Pravin terug is

Agbiz is verheug dat Nene en Pravin terug is, maar is spreek sy kommer uit oor die nuwe minister van grondsake en landelike ontwikkeling, Me Maite Nkoana-Mashabane wat voorheen minister van internasionale verhoudinge en samewerking was. Dr Purchase sê hy vind dit interessant dat minister Nkwinti van grondsake en landelike ontwikkeling aangestel is as minister van water en sanitasie.
 

01.03.2018 / Agbiz in the news

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2018 Agbiz Congress | Early-bird registration is closing soon

Standard Bank will again be the main sponsor for the 2018 Agbiz Congress, themed “Uncertain Creates Opportunity”, which will be held at the Boardwalk International Convention Centre in Port Elizabeth, on Thursday 7 June and 8 June 2018. To take advantage of the early-bird rates, please register and pay before 10 March 2018. 

28.02.2018 / Agbiz in the news

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Agbiz response to Parliament’s resolution on land expropriation without compensation

“Agbiz has noted with deep concern the principle resolution on expropriation of land without compensation that was agreed to in Parliament yesterday,” Dr John Purchase, CEO of Agbiz, said today.

28.02.2018 / Agbiz in the news

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South Africa is in for a good grain harvest, despite the decline in area planted

South Africa’s grain and oilseed market could be well supplied in the 2018/19 marketing season owing to expectations of relatively large maize and soybean harvest. The National Crop Estimates Committee placed its first production estimates for maize at 12.2 million tonnes, which is well above our estimate of 11.2 million tonnes, albeit having declined by 27% from the 2016/17 production season – this is still above the annual consumption of 10.5 million tonnes - Wandile Sihlobo, Agbiz economist

27.02.2018 / Agbiz in the news

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SA food price inflation decelerates further to 4.5%

Food and non-alcoholic beverages inflation have been on a downward trend since mid-2017, following a robust output from the agricultural sector. In January 2018, food inflation further decelerated to 4.5% y/y, which is the lowest levels in more than two years. With that said, the food basket remains mixed. The livestock products (meat, milk, eggs and cheese) are slightly elevated, whereas the rest is on a slowing path - Wandile Sihlobo, Agbiz economist

23.02.2018 / Agbiz in the news

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Agbiz responds to the State of the Nation Address (SONA) by newly elected President Cyril Ramaphosa

Agbiz strongly welcomes the State of the Nation Address by newly elected President Cyril Ramaphosa today, and especially welcomes the general thrust of his SONA’s focus on  revitalising the economy and the commitment to root out corruption. The new  approach in the 2018 SONA of instilling a changed vision of hope, unity, service and prosperity is necessary to turn South Africa around to achieve Nelson Mandela’s dedication to a fair, just and decent society - John Purchase, Agbiz CEO

19.02.2018 / Agbiz in the news

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Recent rainfall good news for maize and food security

Food security remains a topical issue in many African countries, where maize is, by and large, the staple food. Kenya remains a net importer of maize, following a harsh drought in the 2016/17 production season. The thin resources available in Malawi, Zambia and Zimbabwe remain stretched as drought and fall armyworms threaten the 2017/18 maize production season. South Africa also started the 2017/18 production season on a bad footing, as I highlighted in this column the difficulties brought by extreme dryness in the western sections of the Free State and North West provinces at the beginning of the year - Wandile Sihlobo, Agbiz economist

15.02.2018 / Agbiz in the news

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It’s #valentinesday — so, chocolate is on the cards!

Where do these chocolates come from? (Hint: not your significant other) - Wandile Sihlobo, Agbiz economist

14.02.2018 / Agbiz in the news

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Black economic empowerment in agriculture

On RSG Landbou, Dr John Purchase CEO of Agbiz shared with listeners some information about black economic empowerment in agriculture, the new AgriBEE Sector Code, as well as the information sessions that Agbiz will be hosting in this regard.

13.02.2018 / Agbiz in the news

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SA agricultural employment down by 8% y/y in Q4, 2017

After experiencing a decline in employment in the first three quarters of 2017, South Africa’s agricultural sector recorded a 5% q/q rebound in employment in the fourth quarter to 849 000 jobs. This quarterly increase was mainly in field crops, horticulture and livestock sub-sectors. The provinces driving it were the Western Cape, Eastern Cape and KwaZulu Natal. Overall, while the quarterly uptick is encouraging, agricultural employment is still down when compared to the corresponding period the previous year - Wandile Sihlobo, Agbiz economist.

13.02.2018 / Agbiz in the news

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