News archive

News archive - June-2016

Decision by S&P to downgrade SA’s sovereign debt to junk status is bad news for agribusiness and especially for consumers

The dramatic political developments of the past week, and the consequential and expected downgrading of SA’s investment grade to so-called junk status, is seriously bad news for the agricultural and agribusiness ....
- Dr John Purchase, CEO of Agbiz

07.04.2017 / Media Releases

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SA’s wheat import tariff revised down

South Africa’s wheat import tariff has been revised down to R1 190.19 per tonne, which is a 25% decline from the rate of R1 591.40 per tonne.
- Wandile Sihlobo, Agbiz economist

31.03.2017 / Agbiz in the news

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South Africa could harvest the second biggest maize crop on record

South Africa is set to harvest the second biggest maize crop on record. This comes after the National Crop Estimate Committee revised up its forecast by 3% from the previous one to 14.32 million tonnes.
- Wandile Sihlobo

28.03.2017 / News

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Food inflation to simmer down to single digits

SA’s unusually high food price inflation was expected to drop to single digits for the first time in a year, economists predicted. The downward trend is expected to continue despite another drought being forecast for later in 2017.
- Supermarket and Retailer

22.03.2017 / Agbiz in the news

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Land reform clarity will help advance the agricultural sector

The optimism and desired growth in the agricultural sector could be short lived if South Africa delays in endorsing a unified and responsible policy stance.
- www.huffingtonpost.co.za

21.03.2017 / Agbiz in the news

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Government aims to ban foreigners from buying land

Government wants to ban foreigners from buying agricultural land.  Arabile Gumede (The Money Show) interviewed Theo Boshoff (Manager: Legal Intelligence at Agricultural Business Chamber).  Listen to the interview in the audio below: 
http://www.702.co.za/articles/249048/government-aims-to-ban-foreigners-from-owning-land

 

20.03.2017 / Agbiz in the news

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The great compensation debate; are we moving away from a universally accepted human rights culture?

Amid recent calls to amend property clause in constitution to allow expropriation of farmland without compensation, one cannot help but wonder whether original purpose of provision is not being lost amongst political rhetoric... 
- Theo Boshoff, Manager: Legal Intelligence, Agbiz

09.03.2017 / Agbiz in the news

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Droogte knyp landbou se deel vir BBP

Die landbou was steeds in die laaste kwartaal van verlede jaar in ʼn resessie, maar die vooruitsigte vir vanjaar lyk goed. Só sê mnr. Wandile Sihlobo, landbou-ekonoom van die landbousakekamer Agbiz.
- www.landbou.com

08.03.2017 / Agbiz in the news

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SA’s agricultural machinery sales show monthly uptick

Recent agricultural machinery sales data show that in February 2017, tractor sales were down by 8% when compared to February 2016 — with 675 units sold.
- Wandile Sihlobo, Agbiz Economist

07.03.2017 / Agbiz in the news

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South African agricultural sector remained in recession in Q4, 2016

Although some commodities such as winter grains and prone fruits saw increased activity in the fourth quarter of 2016, South Africa’s agricultural sector remained in recession.
- Wandile Sihlobo, Agbiz Economist

07.03.2017 / Agbiz in the news

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Agbiz/IDC Agribusiness Confidence Index Q1, 2017

The Agbiz/IDC Agribusiness Confidence Index improved by 2 Index points in the first quarter of this year to 57. A reading above 50, indicates expansion in the South African agribusiness activity. 
- Wandile Sihlobo, Agbiz Economist

06.03.2017 / Agbiz in the news

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Food prices to fall furthe

"The rain has had a positive impact on the agricultural sector. However, the reason why some of the fruit and vegetables prices have decreased is primarily because prices tend to go down during the harvesting time," says economist, Wandile Sihlobo.
- www.sowetanlive.co.za

02.03.2017 / Agbiz in the news

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Good rain sees 72% jump in summer crop production forecast

The production estimate for South Africa’s summer crops over the 2016/17 season has risen 72,47%, due to widespread rains since the start of spring last year.
- Farmer's Weekly

01.03.2017 / Agbiz in the news

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Zuma's SONA: Foggy stats or facts?

President Jacob Zuma delivered his 10th State of the Nation Address (SONA) and the team at Fin24 delved a little deeper to verify some of the statements he presented.  
- www.fin24.com

01.03.2017 / Agbiz in the news

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South Africa: Lots of grains and oilseeds on the horizon

South Africa could potentially harvest a bumper crop in the 2016/17 production season. This comes after the Crop Estimate Committee’s first production estimates for summer crops reached 16.21 million tonnes.
- Wandile Sihlobo

28.02.2017 / Agbiz in the news

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Agbiz response to Minister Gordhan’s Budget Policy Statement

The National Budget Speech presented a fairly positive and optimistic outlook, projecting economic growth of 1.3% in 2017, up from 0.5% in 2016.
- Dr John Purchase, Agbiz CEO

23.02.2017 / Media Releases

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SA’s bread and maize meal production painted a mixed picture in December 2016

South Africa’s total bread production saw a notable growth in 2016, starting the year with 171 million loaves in January 2016 and closing with 182 million loaves in December 2016.
- Wandile Sihlobo

21.02.2017 / Agbiz in the news

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Agbiz response to Minister Gugile Nkwinti’s push for land restitution without compensation

This week Rural Development and Land Reform Minister Gugile Nkwinti told Parliament that a single law should be developed to address the issue of land restitution without compensation.
- Dr John Purchase, Agbiz CEO

17.02.2017 / Agbiz in the news

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SA’s annual food inflation decelerates

The recent food and non-alcoholic beverages inflation data suggest that we might have already reached the peak in food inflation and the coming months could show sideways to a downward trend. 
- Wandile Sihlobo, Agbiz economist

15.02.2017 / Agbiz in the news

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Agbiz response to SONA 2017

President Jacob Zuma delivered the 2017 State of the Nation Address (SONA) in agains the backdrop of chaotic and unacceptable scenes in Parliament, slow growth and massive unemployment...
- Dr John Purchase, Agbiz CEO

10.02.2017 / Agbiz in the news

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S.A govt tries to limit crop damage from armyworm

South Africa's agriculture minister says it is taking measures to determine the extent of damage from the armyworm pest in the Limpopo province. This follows confirmation of its detection on Friday. Wandile Sihlobo, Economist at the agricultural business chamber joins CNBC Africa for more.

08.02.2017 / Agbiz in the news

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SA’s agricultural machinery sales show a monthly uptick

Recent agricultural machinery sales data indicates that in January 2017, tractor sales were down by 18% when compared to January 2016 — with 478 units sold. However, this was 37% higher than the previous month’s sales.
- Wandile Sihlobo

08.02.2017 / Agbiz in the news

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State launches programme to make armyworm fall

The Department of Agriculture, Forestry and Fisheries has confirmed that the fall armyworm is indeed in SA. But experts say the pest, which has already devastated crops in several neighbouring countries, is unlikely to wreak as much havoc locally as it has elsewhere.
- www.farmingportal.co.za

06.02.2017 / Agbiz in the news

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Zokwana likeable, but ineffective, agri leaders

Industry leaders agree that the Minister of Agriculture, Forestry and Fisheries, Senzeni Zokwana, demonstrates a healthy interest in agricultural matters, but is not particularly proficient in implementing policies for the sector.
- www.farmersweekly.co.za

03.02.2017 / Agbiz in the news

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South African grains and oilseeds outlook

The outlook for 2017 is promising for the South African grains and oilseeds sector. 
- Agbiz economists: Wandile Sihlobo and Tinashe Kapuya

30.01.2017 / Agbiz in the news

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'Biblical plague' stalks SA maize

Regional governments are to hold a crisis meeting in Johannesburg next month following signs that a virulent pest attacking maize crops may have found its way to South Africa. 
-TimesLive

29.01.2017 / Agbiz in the news

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South Africa’s food producer inflation declines slightly

Recent Producer Price Index data shows that food products (producer) inflation fell to 11.1% year-on-year (y/y) in December 2016.This signals a slight easing of price pressures that could be passed on to the consumer and be reflected in the Consumer Price Index (CPI) data.
- Wandile Sihlobo

26.01.2017 / Agbiz in the news

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South Africa’s food inflation accelerates

Recent Consumer Price Index data shows that food and non-alcoholic beverages inflation accelerated to 11.7% year-on-year (y/y) in December 2016 from 11.6% in November 20161 (with non-alcoholic beverages aside, food inflation increased to 12% y/y in December 2016 from 11.8% y/y in November 2016).

19.01.2017 / Agbiz in the news

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