News archive

News archive - February-2017

SA tractor sales saw a notable uptick in July 2017

The good performance in the domestic currency in June and early part of July, coupled with expected large domestic grain and oilseed harvest boosted the tractor sales in July 2017. The sales were recorded at 502 units – up by 5% from June 2017 and 11% higher than the corresponding period last year - Wandile Sihlobo, Agbiz economist

07.08.2017 / Agbiz in the news

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40 000 job cuts recorded in SA agriculture in Q2, 2017

After cutting 44 000 jobs in the first quarter of 2017, South Africa’s agricultural sector saw a further 40 000 jobs lost in the second quarter – putting the total labour force at 835 000 jobs. However, it is worth noting that this is in line with the season’s trend due to reduced horticultural activity in the second quarter - Wandile Sihlobo, Agbiz economist

07.08.2017 / Agbiz in the news

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SA food producer price inflation decelerates to 4.7% y/y

The annual food producer price inflation decelerated to 4.7% y/y in June 2017, from 5.7% y/y in May 2017. This shows the benefits of the higher agricultural output this year following good summer rainfall across the country - Wandile Sihlobo, Agbiz economist

27.07.2017 / Agbiz in the news

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South Africa well on track for a record maize harvest

The National Crop Estimate Committee revised its maize production estimates up by 2% from the previous month to 15.97 million tonnes - Wandile Sihlobo, Agbiz economist.

27.07.2017 / Agbiz in the news

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A 2% uptick in fuel price on the cards in August 2017

After experiencing two consecutive monthly declines, fuel price is set to increase on 2 August 2017. A notable uptick will be on diesel price which could be 2% from the previous month, whereas petrol might increase by a mere 0.6% - Wandile Sihlobo, Agbiz Economist

17.07.2017 / Agbiz in the news

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Solid performance in SA agricultural machinery market

The South African machinery sales remain vibrant compared to the same period last year. This is largely attributed to the strong recovery in agricultural production, says Wandile Sihlobo, Agbiz economist.

12.07.2017 / Media Releases

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Agbiz supports BUSA with inputs to the Davis Tax Committee

The Davis Tax Committee was initiated in 2013 to assess South Africa’s tax policy framework and its ability to achieve the national objectives of inclusive growth, employment, development and fiscal sustainability - Theo Boshoff, Agbiz Head: Legal Intelligence

29.06.2017 / News

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SA’s annual food producer price inflation decelerates to 5.7%

The benefits of the uptick in agricultural production are already reflected in producer price inflation. Data released this morning showed that South Africa’s food producer price inflation slowed to 5.7% y/y in May 2017 from 6.4% in April 2017 - Wandile Sihlobo, Agbiz economist

29.06.2017 / Agbiz in the news

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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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