News archive

News archive - October-2017

South African farmers intend to increase summer crop hectares in 2017/18

South Africa’s overall 2017/18 summer crops intentions-to-plant data paints an optimistic picture, with the total area plantings expected to increase by 1% from the previous season to 4.03 million hectares - Wandile Sihlobo, Agbiz economist

26.10.2017 / Agbiz in the news

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SA food products price inflation slows to 1.3% y/y

Food products’ price inflation eased to 1.3% y/y in September 2017, from 1.9% y/y in the previous month. The deceleration was broad-based, with the exception of dairy products which inched up from the previous month - Wandile Sihlobo, Agbiz economist

26.10.2017 / Agbiz in the news

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New World Bank book shows value of data in farming interventions

Strategic interventions should be informed by facts in order to be effective in addressing societal challenges - Wandile Sihlobo, Agbiz economist

26.10.2017 / Agbiz in the news

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Gigaba ‘hasn’t allayed farmers’ fears’

The medium-term budget statement did little to inspire business confidence - Dr John Purchase, CEO of Agbiz.

26.10.2017 / Agbiz in the news

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Agbiz response to Minister Gigaba’s Medium-Term Budget Policy Statement

This year’s Medium-Term Budget Policy Statement comes against the backdrop of low business confidence and low economic growth, with GDP being revised down to 0.7% for 2017 from 1.3% in the previous statement - Dr John Purchase, Agbiz CEO

26.10.2017 / Agbiz in the news

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A 2% increase in diesel price on the cards in November 2017

South African fuel prices have been on an upward trend since August 2017, mainly driven by an increase in Brent crude oil prices, as well as a relatively weaker domestic currency - Wandile Sihlobo, Agbiz economist

24.10.2017 / Agbiz in the news

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Land expropriation without compensation will impact the ordinary citizen

As we move closer to the elective conference of the ANC in December, South Africa’s focus is firmly set on who will emerge as the new leader of the ruling political party. Whilst the leadership race has certainly stolen the lime light, one should not neglect the central policy issues postponed in July that are due to be decided at this conference. Chief amongst these issues is the land debate and whether to amend the Constitution to allow for expropriation without compensation. Ironically, this ‘side show’ may well have the most direct impact as ordinary citizens will feel the crunch where it hurts the most, in their wallet. - Theo Boshoff, Head Legal Intelligence

19.10.2017 / Agbiz in the news

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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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