News archive

News archive - June-2017

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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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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