News archive

News archive - September-2016

Rand/US Dollar to remain a key driver of South African grain prices

South Africa is traditionally a net exporter of maize and a net importer of wheat. However, during 2015/16 marketing year the country became a net importer of both maize and wheat due to lower supplies on the back of a drought season.

03.11.2016 / Agbiz in the news

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Agbiz response to Minister Gordhan’s medium-term budget policy statement

Rarely has a medium-term budget policy statement (MTBPS) generated as much interest as the MTBPS of today, and rightly so. With continued sluggish and deteriorating economic growth, and increased demands on the fiscus for ‘free’ higher education, drought and other support for the agricultural sector, social welfare, a nuclear power programme and many more, Minister Gordhan and National Treasury have had a tough job to balance expenditure with lagging tax revenue. 

26.10.2016 / Agbiz in the news

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Groundnut production drops to 18 850t

Groundnut production in SA has declined to its lowest levels since 1946.  The drought was one of the main reasons for the industry’s poor performance, said Wandile Sihlobo, head of economic and agribusiness intelligence at Agbiz. 
- Farmer's Weekly

18.10.2016 / Agbiz in the news

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Avocados to US, nuts to China to boost SA’s exports

US consumers may soon see South African avocados on their supermarket shelves as growers from the country look for new markets to sustain export growth momentum that’s set to taper in its home continent.
- www.bloomberg.com

13.10.2016 / Agbiz in the news

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Jobless set to multiply as growth lags

A’s low growth will leave many people outside the labour market, with about 400,000 people failing to find employment every year, statistician-general Pali Lehohla has said.
- www.bdlive.co.za

12.10.2016 / Agbiz in the news

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Food and beverages manufacturing output accelerates

Recent food and beverage sectors’ manufacturing data indicates that in August 2016, output increased by 3.1% year-on-year (y/y), after registering a 0.8% y/y contraction in July 2016.

11.10.2016 / Agbiz in the news

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South Africa’s food producer price inflation rises again

Recent producer price index data indicates that in August 2016, producer inflation for final manufactured goods decelerated to 7.2% from 7.4% year-on-year (y/y) in the previous month.

29.09.2016 / Media Releases

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Why red meat prices will soar, even if the drought is broken

Red meat prices are expected to rise, further straining food inflation, as farmers rebuild their herds following record slaughters to cope with the worst drought in a century, industry experts say.
- www.bdlive.co.za

26.09.2016 / Agbiz in the news

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Start-up funding now available in reopened project

Speaking on behalf of the business community, John Purchase, who is CEO of Agbiz as well as a member of the National Economic Development and Labour Council (Nedlac), said business strongly welcomed the reopening of the MCEP.
- www.bdlive.co.za

21.09.2016 / Agbiz in the news

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