News archive

News archive - February-2017

Zuma's SONA: Foggy stats or facts?

President Jacob Zuma delivered his 10th State of the Nation Address (SONA) and the team at Fin24 delved a little deeper to verify some of the statements he presented.  
- www.fin24.com

01.03.2017 / Agbiz in the news

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South Africa: Lots of grains and oilseeds on the horizon

South Africa could potentially harvest a bumper crop in the 2016/17 production season. This comes after the Crop Estimate Committee’s first production estimates for summer crops reached 16.21 million tonnes.
- Wandile Sihlobo

28.02.2017 / Agbiz in the news

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Agbiz response to Minister Gordhan’s Budget Policy Statement

The National Budget Speech presented a fairly positive and optimistic outlook, projecting economic growth of 1.3% in 2017, up from 0.5% in 2016.
- Dr John Purchase, Agbiz CEO

23.02.2017 / Media Releases

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SA’s bread and maize meal production painted a mixed picture in December 2016

South Africa’s total bread production saw a notable growth in 2016, starting the year with 171 million loaves in January 2016 and closing with 182 million loaves in December 2016.
- Wandile Sihlobo

21.02.2017 / Agbiz in the news

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Agbiz response to Minister Gugile Nkwinti’s push for land restitution without compensation

This week Rural Development and Land Reform Minister Gugile Nkwinti told Parliament that a single law should be developed to address the issue of land restitution without compensation.
- Dr John Purchase, Agbiz CEO

17.02.2017 / Agbiz in the news

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SA’s annual food inflation decelerates

The recent food and non-alcoholic beverages inflation data suggest that we might have already reached the peak in food inflation and the coming months could show sideways to a downward trend. 
- Wandile Sihlobo, Agbiz economist

15.02.2017 / Agbiz in the news

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Agbiz response to SONA 2017

President Jacob Zuma delivered the 2017 State of the Nation Address (SONA) in agains the backdrop of chaotic and unacceptable scenes in Parliament, slow growth and massive unemployment...
- Dr John Purchase, Agbiz CEO

10.02.2017 / Agbiz in the news

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S.A govt tries to limit crop damage from armyworm

South Africa's agriculture minister says it is taking measures to determine the extent of damage from the armyworm pest in the Limpopo province. This follows confirmation of its detection on Friday. Wandile Sihlobo, Economist at the agricultural business chamber joins CNBC Africa for more.

08.02.2017 / Agbiz in the news

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SA’s agricultural machinery sales show a monthly uptick

Recent agricultural machinery sales data indicates that in January 2017, tractor sales were down by 18% when compared to January 2016 — with 478 units sold. However, this was 37% higher than the previous month’s sales.
- Wandile Sihlobo

08.02.2017 / Agbiz in the news

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State launches programme to make armyworm fall

The Department of Agriculture, Forestry and Fisheries has confirmed that the fall armyworm is indeed in SA. But experts say the pest, which has already devastated crops in several neighbouring countries, is unlikely to wreak as much havoc locally as it has elsewhere.
- www.farmingportal.co.za

06.02.2017 / Agbiz in the news

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Zokwana likeable, but ineffective, agri leaders

Industry leaders agree that the Minister of Agriculture, Forestry and Fisheries, Senzeni Zokwana, demonstrates a healthy interest in agricultural matters, but is not particularly proficient in implementing policies for the sector.
- www.farmersweekly.co.za

03.02.2017 / Agbiz in the news

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South African grains and oilseeds outlook

The outlook for 2017 is promising for the South African grains and oilseeds sector. 
- Agbiz economists: Wandile Sihlobo and Tinashe Kapuya

30.01.2017 / Agbiz in the news

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'Biblical plague' stalks SA maize

Regional governments are to hold a crisis meeting in Johannesburg next month following signs that a virulent pest attacking maize crops may have found its way to South Africa. 
-TimesLive

29.01.2017 / Agbiz in the news

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South Africa’s food producer inflation declines slightly

Recent Producer Price Index data shows that food products (producer) inflation fell to 11.1% year-on-year (y/y) in December 2016.This signals a slight easing of price pressures that could be passed on to the consumer and be reflected in the Consumer Price Index (CPI) data.
- Wandile Sihlobo

26.01.2017 / Agbiz in the news

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South Africa’s food inflation accelerates

Recent Consumer Price Index data shows that food and non-alcoholic beverages inflation accelerated to 11.7% year-on-year (y/y) in December 2016 from 11.6% in November 20161 (with non-alcoholic beverages aside, food inflation increased to 12% y/y in December 2016 from 11.8% y/y in November 2016).

19.01.2017 / Agbiz in the news

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More rains hold key to S.A's summer crops

More rains are expected to fall in South Africa over the next week. This could potentially improve soil moisture and dam levels, and in turn, benefit summer crops. Wandile Sihlobo, Head, Economic & Agribusiness Intelligence division at Agbiz joins CNBC Africa for more.

12.01.2017 / Agbiz in the news

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SA’s agricultural machinery sales paint a mixed picture

Recent agricultural machinery sales data indicates that in December 2016, tractor sales were up by 28% when compared to December 2015 — with 349 units sold. However, this was 23% lower than the previous month’s sales. Meanwhile, combine harvester sales were at the same level as for December 2015 – with only 7 units sold.

12.01.2017 / Agbiz in the news

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Relief on the way for consumers

There is some relief on the way for cash strapped consumers. After the rainfall, there is expected cut on food prices. Wandile Sihlobo from AGBIZ explains.
ENCA Enews

09.01.2017 / Agbiz in the news

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A little rain goes a long way for farmers

"Eight provinces were declared drought disaster areas early in 2016, which indicates both the severity and extent of the drought," said John Purchase, CEO of Agbiz, this week.
www.timeslive.co.za

09.01.2017 / Agbiz in the news

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Agriculture will carry economy

Grains would lead the recovery in agriculture, said Wandile Sihlobo from Agbiz. Overall, the area planted for grains is estimated at 15% more than the previous year, which should boost production by between 20% and 30%.
- www.fin24.com

09.01.2017 / Agbiz in the news

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