News archive

News archive - December-2017

2018 Agbiz Congress

The Agricultural Business Chamber (Agbiz) of South Africa will be holding its biennial Congress at the Boardwalk Hotel and Conference Centre in Port Elizabeth, Eastern Cape on 7 to 8 June 2018.  Register now to benefit from the early bird registration fee. More information is available on the 2018 Agbiz Congress website» 

22.01.2018 / Agbiz in the news

More

What should be done to kickstart the agricultural economy, instil business confidence and ensure policy certainty, from an agribusiness/agriculture perspective?

In 2017 the agricultural sector provided a significant boost to the national economy and assisted it from falling into a protracted technical recession. This was on the back of exceptionally good rainfall early in 2017 that resulted in record maize (17,4 million metric tons) and soybean (1,3 million metric tons) crops, amongst others, and despite severe drought conditions in the Western Cape. Agriculture GDP is however highly volatile over seasons and largely dependent on favourable agricultural conditions - Dr John Purchase, Agbiz CEO

19.01.2018 / Agbiz in the news

More

Expropriation without compensation: Much uncertainty, but context still required

As most South Africans are by now aware, the ANC’s elective conference in December resolved to speed up the process of land reform by considering the possibility of amending the Constitution to allow for expropriation without compensation, subject to a ‘sustainability test’. Since that announcement, the media and social media has been awash with statements such as ‘land grabs’ and comparisons to the land seizures that took place in Zimbabwe. Although these comparisons are not unfounded, there are a number of factors which have to be taken into consideration and it is necessary to place the current situation, including all of the variables which are still very unclear, into context - Theo Boshoff, Agbiz Head: Legal Intelligence

18.01.2018 / Agbiz in the news

More

UPDATE: SA fuel prices set to decline in February 2018

After a positive start to the year with a marginal decline in fuel prices, February 2018 could bring a further reduction in fuel prices, thanks to the stronger domestic currency. It is still early to be certain about the scale, but the current estimates suggest that prices of petrol and diesel could fall by 3% and 1%, respectively, from January 2018 levels - Wandile Sihlobo, Agbiz economist

18.01.2018 / Agbiz in the news

More

Farming in the carbon-constrain era with disruptive technologies: implications for food security

Farmers and agribusinesses are facing a triple challenge of coping with increasing input costs, adjustment costs to low-carbon economy and adapting to disruptive technologies brought by the fourth industrial revolution. In this think-piece, we explore ways in which farmers and agribusinesses can overcome these challenges and continue to contribute to the food security goal - Sifiso Ntombela, Agbiz Head: International Trade and Investment Intelligence

18.01.2018 / Agbiz in the news

More

Mixed rainfall changes SA agricultural outlook

I concluded 2017 with a positive outlook for South Africa’s agriculture in 2018 – underpinned by good chances of La Niña weather conditions during the 2017/18 summer season. This essentially meant that the country was expected to receive above-normal rainfall, which would have been good for agricultural activity - Wandile Sihlobo, Agbiz Economist - This article first appeared in Business Day, 11 January 2017

 

11.01.2018 / Agbiz in the news

More

South African tractor sales grew by 19% y/y in December 2017

South African tractor sales expanded by 19% y/y in December 2017, with 417 units sold. However, this was down by 26% when compared to the previous month, which mirrors a slowdown in field activity as summer crop planting was almost complete in most areas - Wandile Sihlobo, Agbiz economist

11.01.2018 / Agbiz in the news

More

Future economies powerhouse, would they have an appetite for beef?

PwC projected that the world economy could double in size by 2050, driven by new powerhouse economies such as China, India, Indonesia, Brazil, Mexico and Russia measured in purchasing power parity (PPP). Growth theory postulates that as economies developed, their consumers’ protein intake tends to increase substituting the starch - Sifiso Ntombela

09.01.2018 / Agbiz in the news

More

Happy new year

Best wishes for 2018 to our members and stakeholders 

02.01.2018 / Agbiz in the news

More

Happy new year

Best wishes for 2018 to our members and stakeholders 

02.01.2018 / Agbiz in the news

More

Agbiz notes with disappointment and deep concern the ANC resolution on land expropriation without compensation

“The Agricultural Business Chamber (Agbiz) has noted with disappointment and deep concern the resolution adopted by the ANC Elective Conference to amend the Constitution of South Africa to effect land expropriation without compensation, albeit subject to certain caveats and conditions regarding sustainability,” Dr John Purchase, CEO of Agbiz, stated today.

21.12.2017 / Agbiz in the news

More

Competition Bill gets tough, but not necessarily unfair

On the 1st of December, the Minister of Economic Development published the Competition Laws Amendment Bill for public comments. The Bill seeks to amend the Competition Act by introducing more stringent regulation to govern mergers and acquisitions as well as further define the bounds of abusing market dominance. There is furthermore a distinct focus on transformation by making a link between market dominance and barriers to entry experienced by small, emerging black firms - Theo Boshoff, Agbiz Head: Legal Intelligence

15.12.2017 / Agbiz in the news

More

SA food producer price inflation accelerates to 0.9% y/y

The headline food producer price inflation for November accelerated to 0.9% y/y from 0.4% y/y in October. The key driver of this uptick is mainly an acceleration in meat and dairy products prices. From the meat perspective, the increase is in turn driven by higher live animals’ prices, whereas dairy products prices have largely been following seasonal trends. Apart from that, other products producer prices remain at relatively lower levels, reflecting a good harvest of the 2016/17 production season - Wandile Sihlobo, Agbiz economist

14.12.2017 / Agbiz in the news

More

Damages of the Western Cape’s drought on fruit production and exports, how bad is it?

Fruit account 33.2 percent share in South Africa’s total agricultural exports and the majority is produced in the Western Cape province. In 2017, fruit exports are expected to increase by 9.8 and 5.5 percent against 2016, when measured in value and quantity terms respectively - Sifiso Ntombela, Agbiz Head: International Trade and Investment

14.12.2017 / Agbiz in the news

More

Copyright © 2018 by Agricultural Business Chamber