Farmers, facing rising input costs and falling commodity prices, are forming buying groups to benefit from bulk discounts.
Willie du Plessis, the director of agricultural banking at Standard Bank, said this was an efficient way for farmers to reduce costs.
"Apart from the fact that discounts to a buying group will be better than those made to individuals, using buying groups also saves individual farmers the time of hunting around for reasonable prices," he said.
14.11.2010 / Agbiz in the news
South Africa’s government said the country should change the type of corn it plants to target markets in Asia and suggested setting up an agency to promote exports.
An investigation conducted by a team of officials from the Department of Agriculture and the National Agriculture Marketing Council recommended that South Africa “aggressively” move toward producing more yellow corn to meet demand from Taiwan, Japan and South Korea. South Africa, the biggest producer of the grain in Africa, grows mainly white corn, locally known as maize.
09.11.2010 / Agbiz in the news
The best of luck to new Minister of Public Enterprises Malusi Gigaba - even Superman would not be able to do much about SA's electricity and rail transport challenges, analysts and industry role players said this week.
Gigaba, a former deputy home affairs minister, was appointed to the position previously held by Barbara Hogan.
The lack of permanent leadership at Transnet and the number of acting board members (acting CEO Chris Wells and executive Vuyo Kahla both announced their imminent departures this week) are issues Gigaba will have to address.
07.11.2010 / Agbiz in the news
“But this could result in a trade war where countries will put up barriers.”Gordhan said the rand, which has strengthened consistently behind high foreign investment flows, was in “serious danger of competitive devaluation”.Other emerging markets, such as Brazil, Turkey and China, have moved to weaken their currencies, but South Africa’s Reserve Bank governor Gill Marcus has said South Africa can’t afford to act this aggressively.
03.11.2010 / Agbiz in the news
The Agricultural Business Chamber (ABC) is filled with a sense of sanctuary after the Medium Term
Budgetary Policy Statement by the Minister of Finance, Minister Pravin Gordhan, on 27 October
2010. The stated assessment and expectations by the Minister of Finance on both the global and
domestic economic outlook was generally accepted to be fair and realistic. The ABC agrees that SA’s
economy finds itself in a fragile and slow recovery stage and states that the 3% growth projection
throughout the remaining part of the year might be slightly over-optimistic.
28.10.2010 / Media Releases