News archive

News archive - January-2017

SA’s annual food inflation falls to the lowest level in 18 months

Last month’s deceleration in food inflation, to 6.7% y/y, means that South Africa’s food prices are at the lowest levels in 18 months. This is a reflection of the benefits of higher agricultural output this year following good weather conditions across the country - Wandile Sihlobo, Agbiz economist

24.05.2017 / News

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SA agricultural sector likely to get a 2% relief on diesel price next month

Diesel (0.05% Wholesale Inland) and petrol (95 ULP Inland) prices could decline by 21 cents per litre (c/l), respectively, on 7 June 2017 - Wandile Sihlobo, Agbiz economist.

17.05.2017 / Agbiz in the news

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The CEC reaffirmed its view of large maize and soybean supplies this season

South Africa’s Crop Estimate Committee (CEC) reaffirmed its expectation of the second biggest maize crop on record in 2017. The CEC revised up its forecast by 1% from the previous one to 14.54 million tonnes - Wandile Sihlobo, Agbiz

25.04.2017 / News

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Junk status and its influence on agriculture

As the dust settles on the past month’s dramatic political developments and the much publicised investment downgrades by the rating agencies Standard and Poor’s (S&P) and Fitch to so-called junk status, reality sets in and we have to determine what the probable impact will be, and more importantly, how we deal with this less than satisfactory situation - Dr John Purchase, Agbiz

24.04.2017 / News

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Sugar, milk, meat price hikes could stay high

South Africa’s annual food and beverages inflation fell to 8.7% year-on-year (y/y) in March 2017 from 9.9% in February 2017 - the lowest level in 14 months - Fin24

21.04.2017 / Agbiz in the news

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Regulations published on the procedural requirements for water license applications

On 24 March the Department of Water and Sanitation promulgated regulations laying out the procedure that will need to be followed by an applicant seeking a water use license in terms of the National Water Act - Theo Boshoff, Agbiz

21.04.2017 / Agbiz in the news

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SA’s annual food inflation falls to the lowest level in 14 months

 South Africa’s annual food and beverages inflation fell to 8.7% year-on-year in March 2017, which is the lowest level in 14 months - Wandile Sihlobo

19.04.2017 / Agbiz in the news

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SA agricultural sector likely to pay 3% more for diesel next month

The weaker ZAR/USD exchange and higher Brent crude oil prices means agribusinesses and farmers could be paying 3% more for a litre of diesel next month.
- Wandile Sihlobo

18.04.2017 / News

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Good news for agribusiness likely to be short-lived

SA’s combined harvester sales continue to show strong growth ahead of a bumper crop this season, Agbiz said this week. However, optimism in the agricultural machinery market may be short-lived as the weaker rand could increase the cost of equipment.
- www.businesslive.co.za

10.04.2017 / Agbiz in the news

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Decision by S&P to downgrade SA’s sovereign debt to junk status is bad news for agribusiness and especially for consumers

The dramatic political developments of the past week, and the consequential and expected downgrading of SA’s investment grade to so-called junk status, is seriously bad news for the agricultural and agribusiness ....
- Dr John Purchase, CEO of Agbiz

07.04.2017 / Media Releases

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