News archive

News archive - August-2017

Farming sector growth bucks trend of falling confidence

Over the past couple of days, we’ve had conflicting data about the performance of the South African agricultural sector. This stems from two different measures; the agricultural economy, as well as the confidence levels in the sector. Historically, the Agbiz/IDC Agribusiness Confidence Index has proven to be a good indicator of how the South African agricultural sector is to perform in the succeeding quarters. However, of late the incoming data from both the aforementioned variables shows a complete disconnect. Confidence amongst agribusiness is deteriorating, whilst agricultural economy (GDP) shows robust growth - Wandile Sihlobo, Agbiz economist *Business Day Column (7 Dec)

07.12.2017 / Agbiz in the news

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SA agricultural economy showing robust growth in Q3, 2017

After registering a 38.7% q/q (revised) growth rate in the second quarter of this year, the agricultural GDP grew by 44.2% q/q in the third quarter. This is against our expectations of a moderate growth of around the mid 20% q/q, as we think the sector should start tracking its long-term growth levels - Wandile Sihlobo, Agbiz economist

05.12.2017 / Agbiz in the news

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Agribusiness Outlook for 2018

Over the past couple of years, Agbiz has indicated that South Africa had reached a decisive T-junction on its road into the future and that critical decisions were necessary to place the country on a sustainable growth and development path. Clearly, the wrong decisions have been made by certain government leaders, especially by the President with regard to nonsensical Cabinet reshuffles, putting the country on the wrong path and into a downward spiral of near-zero growth, increased unemployment and rating downgrades - Dr John Purchase, CEO of Agbiz

04.12.2017 / Agbiz in the news

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Agbiz/IDC Agribusiness Confidence Index falls below the 50-points mark

After hovering above 50-points mark over the past five quarters, the Agbiz/IDC Agribusiness Confidence Index declined by 5 points to 49 in the fourth quarter of 2017. This essentially means agribusinesses are downbeat about business conditions in the country[1]. The Index was last seen in this contractionary territory during the drought season of 2015 and earlier part of 2016 - Wandile Sihlobo, Agbiz economist

04.12.2017 / Agbiz in the news

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High Level Panel (HLP) releases Report on Assessment of Key Legislation

Over the past 21 months, the High Level Panel on the Assessment of Legislation and the Acceleration of Fundamental Change, which has been chaired by formerPresident Kgalema Motlanthe, has criss-crossed the country to hear first-hand from the people about their experience of the laws passed by the democratic state. Numerous submissions from individuals, non-governmental organisations, academics, industry associations and many other organisations were received, including from Agbiz - Dr John Purchase (Agbiz CEO) and Theo Boshoff (Agbiz Head: Legal Intelligence) provides more information.

01.12.2017 / Agbiz in the news

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New law provides for parental, adoption and commissioning parental leave

On 28 November 2017, the National Assembly approved a Bill that will give employees in South Africa the right to 10 days parental leaveElize van der Westhuizen, Agbiz representative at the NEDLAC Labour Market Chamber. 

01.12.2017 / Agbiz in the news

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SA agricultural trade balance increased to R38.6 billion in October 2017

South Africa’s agricultural exports increased to a cumulative value of R123.8 billion by end of October 2017 driven by solid performance from fruits, sugar, dairy and grains products. By end of October 2017, agricultural exports recorded a positive growth rate of 1.6 percent whereas imports decline by 4.1 percent as compared to the corresponding period last year - Sifiso Ntombela, Agbiz Head: International Trade and Investment Intelligence

01.12.2017 / Agbiz in the news

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PPI UPDATE: SA food products price inflation decelerates to 0.4% y/y

After slowing to 1.3% y/y in September 2017, the headline food products’ price inflation further decelerated to 0.4% last month. This reflects the benefits of a large harvest in the 2016/17 production season, particularly grain related products - Wandile Sihlobo, Agbiz economist

30.11.2017 / Agbiz in the news

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High level panel on key legislation reveals challenges in the implementation of land reform legislation

A high level parliamentary committee headed up by former President Kgalema Mothlante released their highly-anticipated report this past week. The committee was tasked at investigating the implementation of key legislation aimed at catalyzing fundamental change in South Africa. The issue of land reform was central to its study - Theo Boshoff, Agbiz Head: Legal Intelligence

30.11.2017 / Agbiz in the news

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