News archive

News archive - June-2017

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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SA agricultural economy showing robust growth

The second quarter agricultural GDP figures confirm that the sector is eventually out of the woods. Data released this morning showed that the sector grew by 33.6% q/q in the second quarter of 2017, which is significantly higher than the 22.2% q/q recorded in the first quarter of this year - Wandile Sihlobo, Agbiz Economist

05.09.2017 / News

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SA agricultural economy showing robust growth

The second quarter agricultural GDP figures confirm that the sector is eventually out of the woods. Data released this morning showed that the sector grew by 33.6% q/q in the second quarter of 2017, which is significantly higher than the 22.2% q/q recorded in the first quarter of this year - Wandile Sihlobo, Agbiz Economist

05.09.2017 / Agbiz in the news

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Agbiz/IDC Agribusiness Confidence Index declines further in Q3, 2017

The third quarter results of the Agbiz/IDC Agribusiness Confidence Index underline the sector’s reputation of being counter-cyclical. Although confidence in other sectors of the economy remains subdued, the agribusiness sector is still optimistic about business conditions in the country - Wandile Sihlobo, Agbiz economist

04.09.2017 / Agbiz in the news

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Agbiz/IDC Agribusiness Confidence Index declines further in Q3, 2017

The third quarter results of the Agbiz/IDC Agribusiness Confidence Index underline the sector’s reputation of being counter-cyclical - Wandile Sihlobo, Agbiz economist

04.09.2017 / Media Releases

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Bagful of cost rises could counteract lower maize price

I recently tweeted a chart showing a long-term trend of South Africa’s maize prices and the message behind it was that the price of a tonne of maize declined by roughly 60% year-on-year in July 2017 - Wandile Sihlobo, Agbiz economist

01.09.2017 / Agbiz in the news

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Win-win solution for land reform not out of reach

December 2017 will be the make or break point for land reform in South Africa. After more than twenty years into democracy, the country’s policies that drive transformation in various sectors of the economy has not quite lived up to its promise and nowhere is this more acutely felt than in the agricultural sector where time and patience is running out for the promise of access to land made more than 20 years ago - Theo Boshoff, Agbiz Head: Legal Intelligence

01.09.2017 / Agbiz in the news

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SA expects a big summer crop, while winter grains show a decline

After the National Crop Estimate Committee revised its maize production forecast to 15.69 million tonnes in July, it has further lifted its forecast to 16.41 million tonnes – making this season’s crop the largest on record. As indicated in our previous notes, this big crop means South Africa would, ideally, export over 4.0 million tonnes of maize in total for the 2017/18 season - Wandile Sihlobo, Agbiz economist

30.08.2017 / Agbiz in the news

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SA food inflation falls marginally to 6.8%, but meat remains a key risk

Food inflation decelerated to 6.8% y/y in July 2017, from 6.9% y/y in the previous month. This mirrors the benefits of the higher agricultural output following good summer rainfall across the country - Wandile Sihlobo, Agbiz economist

23.08.2017 / Agbiz in the news

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SA agricultural trade balance remains positive

Despite the worst drought in more than a decade, the South Africa’s agricultural sector recorded a positive trade balance of US$2.3 billion in 2016 . This was boosted by growth in exports of edible fruits, beverages, spirits and vegetables - Wandile Sihlobo - Agbiz economist

22.08.2017 / Agbiz in the news

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Agricultural finance in an environment of uncertainty

As we approach the new season in the summer rainfall region of South Africa, and a new cycle of production finance, it is opportune to take stock of the past season, as well as to consider the coming season - Dr John Purchase, CEO of Agbiz

21.08.2017 / Media Releases

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A 5% increase in fuel price on the cards in September 2017

Following a slight uptick in the beginning of August 2017, fuel price is set to increase further on 06 September 2017. The prices of diesel and petrol could increase by 5% from the previous month to the highest level in four months - Wandile Sihlobo, Agbiz economist

16.08.2017 / Agbiz in the news

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Draft Intellectual Property Policy, phase 1 released for public comment

On 8 August, the Department of Trade and Industry released phase 1 of the draft Intellectual Property Policy for public comment.  The draft policy seeks to facilitate the National Development Plan’s goal of migrating South Africa from a resource-intensive economy to a knowledge economy - Theo Boshoff, Head: Agbiz Legal Intelligence

11.08.2017 / Agbiz in the news

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40 000 job cuts recorded in SA agriculture in Q2, 2017

After cutting 44 000 jobs in the first quarter of 2017, South Africa’s agricultural sector saw a further 40 000 jobs lost in the second quarter – putting the total labour force at 835 000 jobs. However, it is worth noting that this is in line with the season’s trend due to reduced horticultural activity in the second quarter - Wandile Sihlobo

07.08.2017 / Agbiz in the news

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SA tractor sales saw a notable uptick in July 2017

The good performance in the domestic currency in June and early part of July, coupled with expected large domestic grain and oilseed harvest boosted the tractor sales in July 2017. The sales were recorded at 502 units – up by 5% from June 2017 and 11% higher than the corresponding period last year - Wandile Sihlobo, Agbiz economist

07.08.2017 / Agbiz in the news

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40 000 job cuts recorded in SA agriculture in Q2, 2017

After cutting 44 000 jobs in the first quarter of 2017, South Africa’s agricultural sector saw a further 40 000 jobs lost in the second quarter – putting the total labour force at 835 000 jobs. However, it is worth noting that this is in line with the season’s trend due to reduced horticultural activity in the second quarter - Wandile Sihlobo, Agbiz economist

07.08.2017 / Agbiz in the news

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SA food producer price inflation decelerates to 4.7% y/y

The annual food producer price inflation decelerated to 4.7% y/y in June 2017, from 5.7% y/y in May 2017. This shows the benefits of the higher agricultural output this year following good summer rainfall across the country - Wandile Sihlobo, Agbiz economist

27.07.2017 / Agbiz in the news

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South Africa well on track for a record maize harvest

The National Crop Estimate Committee revised its maize production estimates up by 2% from the previous month to 15.97 million tonnes - Wandile Sihlobo, Agbiz economist.

27.07.2017 / Agbiz in the news

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A 2% uptick in fuel price on the cards in August 2017

After experiencing two consecutive monthly declines, fuel price is set to increase on 2 August 2017. A notable uptick will be on diesel price which could be 2% from the previous month, whereas petrol might increase by a mere 0.6% - Wandile Sihlobo, Agbiz Economist

17.07.2017 / Agbiz in the news

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Solid performance in SA agricultural machinery market

The South African machinery sales remain vibrant compared to the same period last year. This is largely attributed to the strong recovery in agricultural production, says Wandile Sihlobo, Agbiz economist.

12.07.2017 / Media Releases

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