News archive

News archive - August-2017

SA food price inflation decelerates to the lowest level in 22 months

Food inflation continued to decelerate driven by lower agricultural commodity prices. In September 2017, the overall food price inflation eased to 5.4%, which is the lowest since November 2015 - Wandile Sihlobo, Agbiz economist

18.10.2017 / Agbiz in the news

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Rest of Africa must follow SA’s lead to feed her children

October the 16th is an important day as it is World Food Day. Unlike 2016 when this day was commemorated in the midst of a drought and higher food prices in some parts of Sub-Saharan Africa, this year presents positive developments - Wandile Sihlobo, Agbiz economist.

12.10.2017 / Agbiz in the news

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Recent discussions taking place in Parliament

A number of discussions recently took place in Parliamentary portfolio committees that can have an impact on the Agribusiness sector - Theo Boshoff, Agbiz Head: Legal Intelligence

12.10.2017 / Agbiz in the news

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OECD-FAO Agricultural Outlook 2017-2026

The latest annual OECD-FAO Agricultural Outlook finds that global food commodity prices are projected to remain low over the next decade compared to previous peaks, as demand growth in a number of emerging economies is expected to slow down and biofuel policies have a diminished impact on markets. The full database can be consulted via three basic queries to compare trade, production, consumption and prices between countries and commodities. Predictions for the Republic of South Africa show an increase in maize, wheat, soybean and other oilseeds.

12.10.2017 / Agbiz in the news

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UPDATE: SA agricultural machinery sales soften in September

Data from the past few months show that most farmers have already purchased new equipment for the 2017/18 production season which starts this month in the summer rainfall areas. Therefore, it is not surprising that tractor sales fell by 5% m/m in September 2017, recorded at 552 units. We believe that this declining trend in tractor sales could prevail in the near term as the production season progresses - Wandile Sihlobo, Agbiz economist

09.10.2017 / Agbiz in the news

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South Africa’s exit from the recession is welcome but challenges remain

South Africa’s real gross domestic product (GDP) grew by 2.5% in the second quarter of 2017, following a contraction of 0.6% from the previous quarter, ending the second recession in almost a decade. Considering all the negative economic headlines of the past few months, this is certainly a welcome development. -  Dr Michael Ade , chief economist of the Steel and Engineering Industries Federation of Southern Africa and Wandile Sihlobo agricultural economist and head of agribusiness research at Agbiz.

06.10.2017 / Agbiz in the news

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'Just and Equitable compensation’ gets a bit more content

Section 25 of the Constitution makes provision for ‘just and equitable’ compensation to be paid for property expropriated for a public purpose or in the public interest - Theo Boshoff, Agbiz Head: Legal Intelligence

06.10.2017 / Agbiz in the news

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Contrary to expectations, SA wheat production estimates revised upward

Contrary to expectations, SA wheat production estimates revised upward Contrary to market expectations of a decline in South Africa’s 2017 second wheat production estimate, the National Crop Estimate Committee boosted its view by 7% from the previous estimate to 1.7 million tonnes - WandileSihlobo, Agbiz economist

28.09.2017 / Agbiz in the news

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Promise of rain bodes well for food-price inflation

Although food and non-alcoholic beverages inflation decelerated to 5.7% year on year in August — its lowest level since November 2015 — the average hides wide disparities in the basket. For instance, meat recorded a 15% year-on-year increase, its highest inflation level since December 2011 – Wandile Sihlobo, Agbiz economist

28.09.2017 / Agbiz in the news

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