News archive

News archive - June-2019

South Africa must get on China’s agricultural radar

One of the key themes that dominated agricultural markets in 2019 was US-China trade tension. This caused trade diversion, as Chinese agricultural traders looked at other markets for goods they would have imported from the US. One of the countries that benefited most was Brazil, which saw its agricultural exports to China grow 35% between 2017 and 2018, to $31bn. - Wandile Sihlobo, Agbiz chief economist *Written for and first published in Business Day

21.01.2020 / Agbiz in the news

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Agbiz comments on the Medium Term Budget Policy Statement

This year’s Medium Term Budget Policy Statement (MTBPS) sees a marked deterioration in the budget deficit which is now at 6.2% of GDP from 4.7% in the February budget speech, which is far worse than expected. The key problem has largely been the lack of economic growth as well as mismanagement of Eskom finances. South Africa’s economy is now projected to grow by sub-1% this year and improve marginally to 1.2% in 2020. The efficient collection of tax remains a challenge but we trust this will change with the appointment of a new SARS Commissioner who is focused on rebuilding the institution. - Agbiz media statement

31.10.2019 / Media Releases

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