News archive

News archive - September-2017

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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Contrary to expectations, SA wheat production estimates revised upward

Contrary to expectations, SA wheat production estimates revised upward Contrary to market expectations of a decline in South Africa’s 2017 second wheat production estimate, the National Crop Estimate Committee boosted its view by 7% from the previous estimate to 1.7 million tonnes - WandileSihlobo, Agbiz economist

28.09.2017 / Agbiz in the news

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Promise of rain bodes well for food-price inflation

Although food and non-alcoholic beverages inflation decelerated to 5.7% year on year in August — its lowest level since November 2015 — the average hides wide disparities in the basket. For instance, meat recorded a 15% year-on-year increase, its highest inflation level since December 2011 – Wandile Sihlobo, Agbiz economist

28.09.2017 / Agbiz in the news

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Africa’s CFTA promises to resolve the continent’s spaghetti challenge of trade agreements

The African continental market is projected to have 1.36 billion people with income levels rising to 6 300 US$ per capita by year 2022 (PPP based - IMF, 2017) - Sifiso Ntombela, Agbiz Head: Trade and Investment Intelligence

28.09.2017 / Agbiz in the news

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PPI UPDATE: SA food products price inflation decelerates to 1.9% y/y

Food products price inflation decelerated to 1.9% y/y in August 2017, from 3.3% y/y in July 2017 - Wandile Sihlobo, Agbiz economist

28.09.2017 / Agbiz in the news

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Why taking land without compensation is a bad idea

Despite a stated commitment by government and private sector to change the ownership patterns of land in South Africa, there is growing sentiment amongst black people especially that land reform is not taking place as quickly as it should. This has led to calls from ‘expropriation without compensation’ to ‘return the land’ on social media and other platforms - Dr John Purchase (Agbiz CEO) and Theo Boshoff (Agbiz Head: Legal Intelligence)

22.09.2017 / Agbiz in the news

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SA food inflation falls to the lowest level in 21 months

Food inflation decelerated to 5.7% y/y in August 2017, from 6.8% y/y in the previous month. This is the lowest levels since November 2015 - thanks to good summer rain, which led to a higher agricultural output - Wandile Sihlobo, Agbiz economist

20.09.2017 / Agbiz in the news

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Next month fuel prices could reach the highest level in three years

On 4 October 2017, fuel prices could increase for a third consecutive month and reach the highest level in three years. The prices of diesel and petrol could each increase by 3% from the previous month, partly driven by an uptick in crude oil prices - Wandile Sihlobo, Agbiz economist

19.09.2017 / Agbiz in the news

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Western Cape drought and declining confidence weigh on farmers

Although the agricultural sector emerged as an anchor of South Africa’s economy in the second quarter of this year growing by 33.6% quarter-on-quarter, a closer observation shows that things are not all rosy - Wandile Sihlobo, Agbiz economist

14.09.2017 / Agbiz in the news

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Agbiz appoints new head of trade and investment intelligence

Sifiso Ntombela has been appointed head of trade and investment intelligence at Agbiz as of 1 September 2017.  “In Sifiso we have found a well-qualified, experienced and self-driven person that can contribute considerably to the value proposition Agbiz offers its members,” said Agbiz CEO, Dr John Purchase. 

08.09.2017 / Media Releases

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Agbiz appoints new head of trade and investment intelligence

Sifiso Ntombela has been appointed head of trade and investment intelligence at Agbiz as of 1 September 2017.

07.09.2017 / Agbiz in the news

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Good performance in SA tractor sales ahead of the planting season

The sustained good performance in the domestic currency over the past few months, coupled with a large domestic grain and oilseed harvest boosted tractor sales in August 2017 - Wandile Sihlobo, Agbiz Economist

07.09.2017 / Agbiz in the news

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Raw water charges proposed for 2018/2019 Financial Year

The Department of Water and Sanitation recently held a national consultation on the proposed raw water charges for the 2018/2019 financial year - Theo Boshoff, Agbiz Head: Legal Intelligence

07.09.2017 / Agbiz in the news

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BRICS a growing market for SA agricultural exports

BRICS vision to deepen cooperation and trade for common development was this year boosted by the extension of the invitation to five non-members, which are Tajikistan, Mexico, Thailand, Egypt and KenyaSifiso Ntombela, Agbiz head international trade and investment intelligence

07.09.2017 / Media Releases

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BRICS a growing market for SA agricultural exports

BRICS vision to deepen cooperation and trade for common development was this year boosted by the extension of the invitation to five non-members, which are Tajikistan, Mexico, Thailand, Egypt and Kenya - Sifiso Ntombela, Agbiz head international trade and investment intelligence

07.09.2017 / Agbiz in the news

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