News archive

News archive - August-2018

Agbiz confirms its position on property rights and inclusive growth

“As stated in its comprehensive submission to the Constitutional Review Committee (CRC) in June 2018, the Agricultural Business Chamber (Agbiz) confirms its strong position on the protection and extension of property rights. Property rights underline the values and principles related to individual liberty and economic freedom. A strong property rights system is the enabler for fostering investment and economic growth, human capabilities, research and innovation, environmental performance, and the creation of social capital. Property rights are the key ingredient for the prosperity of society,” Dr John Purchase, CEO of Agbiz said today. - Agbiz media statement issued on 3 December 2018

 

03.12.2018 / Media Releases

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Agbiz confirms its position on property rights and inclusive growth

“As stated in its comprehensive submission to the Constitutional Review Committee (CRC) in June 2018, the Agricultural Business Chamber (Agbiz) confirms its strong position on the protection and extension of property rights. Property rights underline the values and principles related to individual liberty and economic freedom. A strong property rights system is the enabler for fostering investment and economic growth, human capabilities, research and innovation, environmental performance, and the creation of social capital. Property rights are the key ingredient for the prosperity of society,” Dr John Purchase, CEO of Agbiz said today. - Agbiz media statement issued on 3 December 2018

03.12.2018 / Agbiz in the news

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President signs Labour Law Amendment Acts into law

President Ramaphosa has signed the Labour Law Amendments Acts, What does it mean for agriculture in general and the employer specifically Following are some frequently asked questions to look into the detail. - Elize van der Westhuizen, director of Comply Plus

29.11.2018 / Agbiz in the news

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Land reform: Status update

On 15 November 2018 the Constitutional Review Committee made the recommendation that section 25 of the Constitution should be amended to ‘clarify’ that section 25 of the Constitution does make provision for expropriation without compensation. At this time the conditions under which this may happen are still unknown as Parliament is yet to draft and consult on the exact wording of the proposed amendment. 

29.11.2018 / Agbiz in the news

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Carbon Tax Bill introduced into the National Assembly

On Tuesday 20 November, the Minister of Finance formally introduced the Carbon Tax Bill into the National Assembly. The Speaker will outline the process that is to be followed from here. A number of changes has been made to the Bill, reportedly as a result of comments received during the public participation process. One of the principle points raised by the business community during the public participation process was the non-alignment between carbon budgets and the carbon tax. - Theo Boshoff, Agbiz head of Legal Intelligence

23.11.2018 / Agbiz in the news

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What does a 'clarification' amendment mean?

The Constitutional Review Committee yesterday revealed their decision to recommend an amendment to section 25 of the Constitution to ‘clarify’ that expropriation without compensation can take place under section 25 of the Constitution. The details of this proposal are still unclear and one will only be able to fully assess the impacts of such an amendment once the conditions are made public, however, it is worth dissecting what a ‘clarification’ amendment could entail. - Theo Boshoff, Agbiz head of Legal Intelligence

16.11.2018 / Agbiz in the news

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Agbiz responds to the Constitutional Review Committee’s recommendation to amend the Constitution to provide for land expropriation without compensation

“Agbiz has noted with disappointment and concern the recommendation by the Constitutional Review Committee (CRC) to amend the Constitution of South Africa to explicitly make provision for land expropriation without compensation.  Agbiz has consistently maintained that it is not necessary to amend the Constitution to effect land reform in South Africa, and this proposed amendment to the Constitution will impact negatively on much-needed investment and harm the economy”, Dr John  Purchase, CEO of Agbiz, said today. - Agbiz media statement, issued 16 November 2018

16.11.2018 / Media Releases

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Namibian GMO food labeling regulations will affect trade with South Africa

New Namibian GMO Food Labeling Regulations will affect all future grain exports to Namibia. This was according to the CEO of the National Commission on Research, Science and Technology (NCRST) and GM of Innovation, Technology and Development in Namibia who recently addressed grain value chain role players on the impact of the new legislation and the GMO list that was compiled for maize, soybean, canola, wheat, cotton and rice. The Biosafety Act 2006 of Namibia provides measures to regulate the activities that involve research, development, production, marketing, transportation, applications and other uses of genetically modified organisms (GMOs), as well as specific products derived from these GMOs as they are harnessed safely. 

09.11.2018 / Agbiz in the news

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Cross-border knowledge sharing between SA and Zimbabwe farmers critical

The collapse of Zimbabwe’s agricultural sector from the early 2000s is well documented, and largely attributed to ill-conceived land reform policies. But as the spirit of political change sweeps across the country, albeit with lingering economic underperformance, it is worth looking at what agricultural products Zimbabwe imports in large quantities and whether import substitution would be a possibility in the near to medium term. - By Wandile Sihlobo, Agbiz head of Agribusiness Research  *Written for and  first published on Business Day

09.11.2018 / Agbiz in the news

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Pretoria session stimulates conversation on current topics

On Thursday, 1 November Agbiz hosted a half-day information session focusing on the current challenges in the policy and legislative environment, as well as developments and opportunities in the agribusiness sector. Close to 100 role players and stakeholders, representing agribusinesses, financiers, producers and agri-associations attended the event at Leriba Hotel in Centurion. 

02.11.2018 / Agbiz in the news

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Predicting the El Niño effect

Admittedly, it is too early to tell how most Southern African countries will cope with the expected weak El Niño in the summer season. Typically, an El Niño weather phenomenon would lead to drier weather conditions in most countries on the continent, almost similar to what we witnessed in the 2015-16 drought years. However, when it is weak, as expected, the impact could be minimal. - Wandile Sihlobo, Agbiz head of Agribusiness Research *Written for and first published in Business Day

02.11.2018 / Agbiz in the news

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Comprehensive producer support policy heads to Nedlac

The draft National Policy on Comprehensive Producer Support published by DAFF on the 3rd of August 2018 has now been referred to Nedlac where organised business, labour and government can engage on its contents. Agbiz forms a central part of the business delegation. The policy seeks to coordinate the producer support initiatives undertaken by government with that of the private sector to ensure that the greatest impact is achieved. As a general point of departure, business welcomed the initiative by government and placed special emphasis on the cooperative nature in which DAFF seeks to drive producer support going forward. - Theo Boshoff, Agbiz head of Legal Intelligence

02.11.2018 / Agbiz in the news

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Solid recovery in South African tractor sales in September 2018

After experiencing a double-digit decline in August 2018 due to delayed harvest, amongst other factors, South African tractor sales recovered by 11% y/y in September 2018, with 612 units sold (Figure 1). This somewhat signals farmers’ readiness for the 2018/19 summer crop production season which commenced this month, although planting activity hasn’t progressed much thus far. Broadly speaking, this is an encouraging reading as we continue to monitor the investment path in the South African agricultural sector following a slowdown in the Agribusiness Confidence Index in the third quarter due to continued uncertainty underpinned by the current land policy reform proposal, amongst other issues. - Wandile Sihlobo, Agbiz head of Agribusiness Research

09.10.2018 / Agbiz in the news

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Maize production estimate revised down, while wheat was lifted from last month

Today the Crop Estimate Committee released its final production estimates for the 2017/18 summer crop and second production estimated for 2018/19 winter crop. In terms of summer crops, the major oilseeds such as soybeans and sunflower seed were left unchanged from the previous month, whilst the commercial maize production estimate was revised down by 2% from the previous estimate to 12.9 million tonnes, which is somewhat in line with our expectations. From a winter crop perspective, the wheat production estimate was revised up by 2% from last month to 1.8 million tonnes – all thanks to good rainfall in parts of the Western Cape and an expansion in area planted in the Free State. - Wandile Sihlobo, Agbiz head of Agribusiness Research

27.09.2018 / Agbiz in the news

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SA farmers face twin blow of rising input costs and possible drought

These are challenging times for SA farmers, whether viewed from the perspective of rising input costs or the weather outlook. In a few weeks the 2018-2019 summer crop production season will start on a negative note, partly due to rising costs of agricultural inputs such as fertiliser and fuel. - Wandile Sihlobo, Agbiz head of Agribusiness Resarch * Written for and first published on Business Day

27.09.2018 / Agbiz in the news

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Comprehensive Development Support Policy prioritises partnerships

On the 3rd of August the Department of Agriculture, Forestry and Fisheries (DAFF) published the draft National Policy on Comprehensive Producer Development Support for public comments. The policy is designed to bring together producer support from both government and private sector in a coordinated manner. A first look at the policy shows positive signs, but the methodology may need a bit of work. - Theo Boshoff, Agbiz head of Legal Intelligence

27.09.2018 / Agbiz in the news

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El Niño return threatens summer crop

After showing solid recovery from drought in the previous and current marketing seasons with above-average maize and soybean production, the debate on climate-related challenges could resurface as the opening of the summer crop planting window fast-approaches in the next two to three weeks. - Wandile Sihlobo, Agbiz head of Agribusiness Research *Written for and first published in Business Day

13.09.2018 / Agbiz in the news

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South African tractor sales fell by 18% y/y in August 2018

Following a solid positive growth over the past five months, South African tractor sales fell by 18% y/y last month, with 487 units sold. This decline, which far exceeds our expectations of a 5% y/y drop, was partially underpinned by delayed summer grain harvesting activity which partially strained farmers’ cash flows. The harvest process, however, did not inspire a notable uptick in combine harvester sales either as the data shows a 25% y/y decline, with nine units sold. This could be explained by the fact that the 2017/18 crop is well below the record levels seen in the previous production season.  

 

12.09.2018 / Agbiz in the news

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South African tractor sales grew by 5% y/y in July 2018

The South African tractor sales continued to rise in July, albeit at a slower pace than the previous month, up by 5% y/y with 525 units sold. While lower than our expectations of 578 units, this is the highest tractor sales figure for the corresponding month since 2015. In the same period, the harvester sales declined by 8% y/y, with 12 units sold. This data is unsurprising as this is a relatively quiet period in the agricultural sector as the summer crop harvest process approaches completion, while the new season planting process will only commence in two months’ time.

12.09.2018 / Agbiz in the news

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Agbiz engages with CRC on the review of Section 25 of the Constitution

“Agbiz today had the opportunity to make an oral submission to the Constitutional Review Committee (CRC) on its position in terms of the review of section 25 of the Constitution,” Dr John Purchase, CEO of Agbiz said. The Agbiz delegation was led by the chairman, Francois Strydom, and further comprised the CEO of Agbiz, Dr John Purchase, Wandile Sihlobo and Theo Boshoff, who presented the submission to the CRC. The following is the position of Agbiz as summarised in the presentation. - Agbiz press release, issued 4 September 2018

06.09.2018 / Media Releases

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