News archive

News archive - June-2016

Agbiz/IDC Agribusiness Confidence Index declines further in Q3, 2017

The third quarter results of the Agbiz/IDC Agribusiness Confidence Index underline the sector’s reputation of being counter-cyclical - Wandile Sihlobo, Agbiz economist

04.09.2017 / Media Releases

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Bagful of cost rises could counteract lower maize price

I recently tweeted a chart showing a long-term trend of South Africa’s maize prices and the message behind it was that the price of a tonne of maize declined by roughly 60% year-on-year in July 2017 - Wandile Sihlobo, Agbiz economist

01.09.2017 / Agbiz in the news

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Win-win solution for land reform not out of reach

December 2017 will be the make or break point for land reform in South Africa. After more than twenty years into democracy, the country’s policies that drive transformation in various sectors of the economy has not quite lived up to its promise and nowhere is this more acutely felt than in the agricultural sector where time and patience is running out for the promise of access to land made more than 20 years ago - Theo Boshoff, Agbiz Head: Legal Intelligence

01.09.2017 / Agbiz in the news

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SA expects a big summer crop, while winter grains show a decline

After the National Crop Estimate Committee revised its maize production forecast to 15.69 million tonnes in July, it has further lifted its forecast to 16.41 million tonnes – making this season’s crop the largest on record. As indicated in our previous notes, this big crop means South Africa would, ideally, export over 4.0 million tonnes of maize in total for the 2017/18 season - Wandile Sihlobo, Agbiz economist

30.08.2017 / Agbiz in the news

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SA food inflation falls marginally to 6.8%, but meat remains a key risk

Food inflation decelerated to 6.8% y/y in July 2017, from 6.9% y/y in the previous month. This mirrors the benefits of the higher agricultural output following good summer rainfall across the country - Wandile Sihlobo, Agbiz economist

23.08.2017 / Agbiz in the news

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SA agricultural trade balance remains positive

Despite the worst drought in more than a decade, the South Africa’s agricultural sector recorded a positive trade balance of US$2.3 billion in 2016 . This was boosted by growth in exports of edible fruits, beverages, spirits and vegetables - Wandile Sihlobo - Agbiz economist

22.08.2017 / Agbiz in the news

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Agricultural finance in an environment of uncertainty

As we approach the new season in the summer rainfall region of South Africa, and a new cycle of production finance, it is opportune to take stock of the past season, as well as to consider the coming season - Dr John Purchase, CEO of Agbiz

21.08.2017 / Media Releases

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A 5% increase in fuel price on the cards in September 2017

Following a slight uptick in the beginning of August 2017, fuel price is set to increase further on 06 September 2017. The prices of diesel and petrol could increase by 5% from the previous month to the highest level in four months - Wandile Sihlobo, Agbiz economist

16.08.2017 / Agbiz in the news

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Draft Intellectual Property Policy, phase 1 released for public comment

On 8 August, the Department of Trade and Industry released phase 1 of the draft Intellectual Property Policy for public comment.  The draft policy seeks to facilitate the National Development Plan’s goal of migrating South Africa from a resource-intensive economy to a knowledge economy - Theo Boshoff, Head: Agbiz Legal Intelligence

11.08.2017 / Agbiz in the news

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40 000 job cuts recorded in SA agriculture in Q2, 2017

After cutting 44 000 jobs in the first quarter of 2017, South Africa’s agricultural sector saw a further 40 000 jobs lost in the second quarter – putting the total labour force at 835 000 jobs. However, it is worth noting that this is in line with the season’s trend due to reduced horticultural activity in the second quarter - Wandile Sihlobo

07.08.2017 / Agbiz in the news

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SA tractor sales saw a notable uptick in July 2017

The good performance in the domestic currency in June and early part of July, coupled with expected large domestic grain and oilseed harvest boosted the tractor sales in July 2017. The sales were recorded at 502 units – up by 5% from June 2017 and 11% higher than the corresponding period last year - Wandile Sihlobo, Agbiz economist

07.08.2017 / Agbiz in the news

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40 000 job cuts recorded in SA agriculture in Q2, 2017

After cutting 44 000 jobs in the first quarter of 2017, South Africa’s agricultural sector saw a further 40 000 jobs lost in the second quarter – putting the total labour force at 835 000 jobs. However, it is worth noting that this is in line with the season’s trend due to reduced horticultural activity in the second quarter - Wandile Sihlobo, Agbiz economist

07.08.2017 / Agbiz in the news

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SA food producer price inflation decelerates to 4.7% y/y

The annual food producer price inflation decelerated to 4.7% y/y in June 2017, from 5.7% y/y in May 2017. This shows the benefits of the higher agricultural output this year following good summer rainfall across the country - Wandile Sihlobo, Agbiz economist

27.07.2017 / Agbiz in the news

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South Africa well on track for a record maize harvest

The National Crop Estimate Committee revised its maize production estimates up by 2% from the previous month to 15.97 million tonnes - Wandile Sihlobo, Agbiz economist.

27.07.2017 / Agbiz in the news

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A 2% uptick in fuel price on the cards in August 2017

After experiencing two consecutive monthly declines, fuel price is set to increase on 2 August 2017. A notable uptick will be on diesel price which could be 2% from the previous month, whereas petrol might increase by a mere 0.6% - Wandile Sihlobo, Agbiz Economist

17.07.2017 / Agbiz in the news

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Solid performance in SA agricultural machinery market

The South African machinery sales remain vibrant compared to the same period last year. This is largely attributed to the strong recovery in agricultural production, says Wandile Sihlobo, Agbiz economist.

12.07.2017 / Media Releases

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Agbiz supports BUSA with inputs to the Davis Tax Committee

The Davis Tax Committee was initiated in 2013 to assess South Africa’s tax policy framework and its ability to achieve the national objectives of inclusive growth, employment, development and fiscal sustainability - Theo Boshoff, Agbiz Head: Legal Intelligence

29.06.2017 / News

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SA’s annual food producer price inflation decelerates to 5.7%

The benefits of the uptick in agricultural production are already reflected in producer price inflation. Data released this morning showed that South Africa’s food producer price inflation slowed to 5.7% y/y in May 2017 from 6.4% in April 2017 - Wandile Sihlobo, Agbiz economist

29.06.2017 / Agbiz in the news

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South Africa set to harvest the biggest soybean crop on record

Despite revising the country’s soybean production forecast to 1.23 million tonnes in May, the Crop Estimate Committee has again winched up its forecast to 1.34 million tonnes – making this season’s crop the largest on record - Wandile Sihlobo, Agbiz Economist

28.06.2017 / Agbiz in the news

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More of the same - SA’s wheat import tariff review outcome

The outcome of the review of the dollar-based reference price and variable tariff formula for wheat was released this morning.  The review was initiated by the government in April 2016 due to concerns about the impact... - Wandile Sihlobo

23.06.2017 / Agbiz in the news

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Intro to Agbiz/Tiger Brands session for Vision 2030 Summit

It is indeed a rare opportunity in the history of South Africa, given its fractious past and legacy of conflicts, that a vision is developed that finds significant favour and support with the majority of people across its immense diversity. This vision is captured in... -  John Purchase, Agbiz CEO

22.06.2017 / Agbiz in the news

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A 5% cut in fuel price on the cards in July 2017

Fuel price is set to decline for a second consecutive month on 05 July 2017. This time around, we expect a significant cut of 5% from the previous month for both diesel and petrol price - Wandile Sihlobo, Agbiz economist

19.06.2017 / News

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Agbiz/IDC Agribusiness Confidence Index marginally declines in Q2, 2017

The Agbiz/IDC Agribusiness Confidence Index declined, albeit marginally, by one Index point to 56 points in the second quarter of this year. Despite the slight decline in confidence, the sector remains in expansionary territory - Wandile Sihlobo, Agbiz economist

12.06.2017 / Media Releases

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Ten major trends impacting on the future of agribusiness

The traditional agricultural business model is changing for various reasons, and this requires new thinking and strategies from leaders in agribusiness. Agribusinesses are challenged with meeting the growing demand for food, fibre and beverages, while... - Dr John Purchase, CEO

09.06.2017 / Agbiz in the news

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‘Back to basics’ approach needed for transformation in the agro-food sector, not a flood of new legislation

The past couple of months have seen the floodgates truly open with new Bills and regulations aimed at land reform, and the latest raft of legislation largely adds to existing confusion - Theo Boshoff, Manager legal intelligence

08.06.2017 / Agbiz in the news

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SA’s agricultural machinery market remains vibrant

The South African agricultural machinery market remains vibrant, driven by a robust recovery in agricultural production and a stable domestic currency, for now - Wandile Sihlobo, Agbiz Economist

07.06.2017 / News

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Agbiz Position – Manager: International Trade and Investment Intelligence

Agbiz has to fill the vacant position of Manager: International Trade and Investment Intelligence, as soon as possible.  The deadline for applications is end of June 2017.

07.06.2017 / Agbiz in the news

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SA agricultural economy now showing signs of recovery

The agricultural GDP has landed in positive territory for the first time since 2014, driven by a robust recovery in agricultural production - Wandile Sihlobo, Agbiz economist

06.06.2017 / Agbiz in the news

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