News archive

News archive - April-2017

South Africa set to harvest the biggest soybean crop on record

Despite revising the country’s soybean production forecast to 1.23 million tonnes in May, the Crop Estimate Committee has again winched up its forecast to 1.34 million tonnes – making this season’s crop the largest on record - Wandile Sihlobo, Agbiz Economist

28.06.2017 / Agbiz in the news

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More of the same - SA’s wheat import tariff review outcome

The outcome of the review of the dollar-based reference price and variable tariff formula for wheat was released this morning.  The review was initiated by the government in April 2016 due to concerns about the impact... - Wandile Sihlobo

23.06.2017 / Agbiz in the news

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Intro to Agbiz/Tiger Brands session for Vision 2030 Summit

It is indeed a rare opportunity in the history of South Africa, given its fractious past and legacy of conflicts, that a vision is developed that finds significant favour and support with the majority of people across its immense diversity. This vision is captured in... -  John Purchase, Agbiz CEO

22.06.2017 / Agbiz in the news

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A 5% cut in fuel price on the cards in July 2017

Fuel price is set to decline for a second consecutive month on 05 July 2017. This time around, we expect a significant cut of 5% from the previous month for both diesel and petrol price - Wandile Sihlobo, Agbiz economist

19.06.2017 / News

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Agbiz/IDC Agribusiness Confidence Index marginally declines in Q2, 2017

The Agbiz/IDC Agribusiness Confidence Index declined, albeit marginally, by one Index point to 56 points in the second quarter of this year. Despite the slight decline in confidence, the sector remains in expansionary territory - Wandile Sihlobo, Agbiz economist

12.06.2017 / Media Releases

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Ten major trends impacting on the future of agribusiness

The traditional agricultural business model is changing for various reasons, and this requires new thinking and strategies from leaders in agribusiness. Agribusinesses are challenged with meeting the growing demand for food, fibre and beverages, while... - Dr John Purchase, CEO

09.06.2017 / Agbiz in the news

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‘Back to basics’ approach needed for transformation in the agro-food sector, not a flood of new legislation

The past couple of months have seen the floodgates truly open with new Bills and regulations aimed at land reform, and the latest raft of legislation largely adds to existing confusion - Theo Boshoff, Manager legal intelligence

08.06.2017 / Agbiz in the news

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SA’s agricultural machinery market remains vibrant

The South African agricultural machinery market remains vibrant, driven by a robust recovery in agricultural production and a stable domestic currency, for now - Wandile Sihlobo, Agbiz Economist

07.06.2017 / News

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Agbiz Position – Manager: International Trade and Investment Intelligence

Agbiz has to fill the vacant position of Manager: International Trade and Investment Intelligence, as soon as possible.  The deadline for applications is end of June 2017.

07.06.2017 / Agbiz in the news

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SA agricultural economy now showing signs of recovery

The agricultural GDP has landed in positive territory for the first time since 2014, driven by a robust recovery in agricultural production - Wandile Sihlobo, Agbiz economist

06.06.2017 / Agbiz in the news

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SA to set sights on Asia after bumper maize crops in Africa

It looks like Africa is well supplied and if Africa needs maize, with the likes of Kenya and Burundi - Wandile Sihlobo, Agbiz economist

05.06.2017 / Agbiz in the news

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SA agriculture saw notable job cuts in Q1, 2017

South Africa’s agricultural sector saw 44 000 job cuts in the first quarter of this year from the last quarter of 2016 - putting the sector’s total labour force at 875 000 jobs - Wandile Sihlobo, Agbiz economIst

02.06.2017 / Agbiz in the news

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John Purchase on NAMPO Harvest Day

Agbiz CEO Dr John Purchase speaks about the positive aspects of this year’s Nampo Harvest Day expo.

01.06.2017 / Agbiz in the news

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South Africa set to harvest the biggest maize crop on record

After the CEC revised its maize production forecast to 14.54 million tonnes in April, it has further lifted its forecast to 15.63 million tonnes – making this season’s crop the largest on record - Wandile Sihlobo, Agbiz economist

31.05.2017 / News

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SA’s annual food producer price inflation falls

The notable uptick in agricultural production has kept market prices under pressure over the past few months and food processors continue to benefit from this improvement - Wandile Sihlobo, Agbiz economist

25.05.2017 / Agbiz in the news

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SA’s annual food inflation falls to the lowest level in 18 months

Last month’s deceleration in food inflation, to 6.7% y/y, means that South Africa’s food prices are at the lowest levels in 18 months. This is a reflection of the benefits of higher agricultural output this year following good weather conditions across the country - Wandile Sihlobo, Agbiz economist

24.05.2017 / News

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SA agricultural sector likely to get a 2% relief on diesel price next month

Diesel (0.05% Wholesale Inland) and petrol (95 ULP Inland) prices could decline by 21 cents per litre (c/l), respectively, on 7 June 2017 - Wandile Sihlobo, Agbiz economist.

17.05.2017 / Agbiz in the news

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The CEC reaffirmed its view of large maize and soybean supplies this season

South Africa’s Crop Estimate Committee (CEC) reaffirmed its expectation of the second biggest maize crop on record in 2017. The CEC revised up its forecast by 1% from the previous one to 14.54 million tonnes - Wandile Sihlobo, Agbiz

25.04.2017 / News

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Junk status and its influence on agriculture

As the dust settles on the past month’s dramatic political developments and the much publicised investment downgrades by the rating agencies Standard and Poor’s (S&P) and Fitch to so-called junk status, reality sets in and we have to determine what the probable impact will be, and more importantly, how we deal with this less than satisfactory situation - Dr John Purchase, Agbiz

24.04.2017 / News

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Sugar, milk, meat price hikes could stay high

South Africa’s annual food and beverages inflation fell to 8.7% year-on-year (y/y) in March 2017 from 9.9% in February 2017 - the lowest level in 14 months - Fin24

21.04.2017 / Agbiz in the news

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