News archive

News archive - May-2017

South Africa is in for a good grain harvest, despite the decline in area planted

South Africa’s grain and oilseed market could be well supplied in the 2018/19 marketing season owing to expectations of relatively large maize and soybean harvest. The National Crop Estimates Committee placed its first production estimates for maize at 12.2 million tonnes, which is well above our estimate of 11.2 million tonnes, albeit having declined by 27% from the 2016/17 production season – this is still above the annual consumption of 10.5 million tonnes - Wandile Sihlobo, Agbiz economist

27.02.2018 / Agbiz in the news

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SA food price inflation decelerates further to 4.5%

Food and non-alcoholic beverages inflation have been on a downward trend since mid-2017, following a robust output from the agricultural sector. In January 2018, food inflation further decelerated to 4.5% y/y, which is the lowest levels in more than two years. With that said, the food basket remains mixed. The livestock products (meat, milk, eggs and cheese) are slightly elevated, whereas the rest is on a slowing path - Wandile Sihlobo, Agbiz economist

23.02.2018 / Agbiz in the news

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Agbiz responds to the State of the Nation Address (SONA) by newly elected President Cyril Ramaphosa

Agbiz strongly welcomes the State of the Nation Address by newly elected President Cyril Ramaphosa today, and especially welcomes the general thrust of his SONA’s focus on  revitalising the economy and the commitment to root out corruption. The new  approach in the 2018 SONA of instilling a changed vision of hope, unity, service and prosperity is necessary to turn South Africa around to achieve Nelson Mandela’s dedication to a fair, just and decent society - John Purchase, Agbiz CEO

19.02.2018 / Agbiz in the news

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Recent rainfall good news for maize and food security

Food security remains a topical issue in many African countries, where maize is, by and large, the staple food. Kenya remains a net importer of maize, following a harsh drought in the 2016/17 production season. The thin resources available in Malawi, Zambia and Zimbabwe remain stretched as drought and fall armyworms threaten the 2017/18 maize production season. South Africa also started the 2017/18 production season on a bad footing, as I highlighted in this column the difficulties brought by extreme dryness in the western sections of the Free State and North West provinces at the beginning of the year - Wandile Sihlobo, Agbiz economist

15.02.2018 / Agbiz in the news

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