As predicted, 2016 has been an extremely challenging and tumultuous year for the agribusiness environment and farmers alike, Agbiz CEO, Dr John Purchase, said today at a media briefing in Pretoria. Not only did the prevailing drought of the previous years continue its devastation over much of the country, but a declining economy...
25.11.2016 / Media Releases
The Agbiz/IDC Agribusiness Confidence Index declined by 5 index points in the fourth quarter of this year. Seven out of ten sub-indices of the survey showed expansion, with the exception of turnover, net operating income and employment sub-indices, which were the key drivers of this decline.
- Wandile Sihlobo, Agbiz
21.11.2016 / Media Releases
“Events of the past week should be a major wake-up call to all South Africans. From Julius Malema’s anti-white and ‘land nationalisation without compensation’ utterances, to the totally absurd and unacceptable ‘coffin case’ racism..."
- Dr John Purchase, CEO of Agbiz
21.11.2016 / Media Releases
Agricultural machinery sales data indicates that in October 2016, tractor sales were down by 16% when compared to October 2015. We believe that tractor sales could maintain the current trend, as sowing activity is already in full swing and few farmers will potentially make purchases in the coming months.
- Wandile Sihlobo
16.11.2016 / Agbiz in the news
Given the expected fuel price decrease, it would be ideal for farmers and agribusinesses to slow down on fuel purchases this month and only start re-stocking up next month.
- Wandile Siholobo, Agbiz economist
15.11.2016 / Agbiz in the news
Commercial farmers struggling to stay afloat in the face of a devastating drought are now auctioning off their livestock. Agricultural unions said the farmers in the Western Cape, North West and Free State were among the worst affected.
14.11.2016 / Agbiz in the news
Mnr. Wandile Sihlobo, hoof van ekonomiese en landbousake-inligting by Agbiz, sê die internasionale sentiment jeens Trump sal waarskynlik negatief wees weens onsekerheid oor sy beleidsrigting.
11.11.2016 / Agbiz in the news
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
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