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News archive - October-2018

Solid recovery in South African tractor sales in September 2018

After experiencing a double-digit decline in August 2018 due to delayed harvest, amongst other factors, South African tractor sales recovered by 11% y/y in September 2018, with 612 units sold (Figure 1). This somewhat signals farmers’ readiness for the 2018/19 summer crop production season which commenced this month, although planting activity hasn’t progressed much thus far. Broadly speaking, this is an encouraging reading as we continue to monitor the investment path in the South African agricultural sector following a slowdown in the Agribusiness Confidence Index in the third quarter due to continued uncertainty underpinned by the current land policy reform proposal, amongst other issues. - Wandile Sihlobo, Agbiz head of Agribusiness Research

09.10.2018 / Agbiz in the news

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