News archive

News archive - February-2019

Agbiz represented on the International Bar Association's Agricultural Law Section

In September 2019, Agbiz head of Legal Intelligence, Theo Boshoff, was granted the opportunity to present on climate change, Africa and the role of agricultural law at the International Bar Association (IBA)'s annual conference in Seoul, South Korea. Following this conference, the IBA has confirmed that Theo will serve a two-year term ending in December 2021 on the Legal Practice Division's Agricultural Law Section.

31.01.2020 / Agbiz in the news

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There’s optimism about SA’s 2019/20 summer crop season

While South Africa’s 2019/20 summer crop production season started on a negative footing with delayed rainfall across the country, farmers managed to plant the area they intended. This was confirmed by the preliminary plantings data released this afternoon by South Africa’s Crop Estimate Committee (CEC) which shows South Africa’s 2019/20 summer crop area at 3.97 million hectares. This is up 1% and 8% from the intentions to plant data released in October 2019 and area planted in 2018/19 season, respectively. There is an improvement in area plantings of all crops with the exception of sorghum and dry beans whose area planting fell by 28% y/y and 13% y/y, respectively. - Wandile Sihlobo, Agbiz chief economist

31.01.2020 / Agbiz in the news

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Agbiz submits written inputs on Draft Constitution Eighteenth Amendment Bill, 2019

Agbiz has submitted its written inputs on the Draft Constitution Eighteenth Amendment Bill to amend section 25 of the Constitution to allow expropriation without compensation to the chairperson of the Ad Hoc Commitee, Dr Mathole Motshekga. The Bill was approved in early December before it was opened for public comment. In the submission, Agbiz reiterated its position that land reform objectives can be achieved without resorting to expropriation at nil compensation, if the administrative process is overhauled to ensure efficient administration.

31.01.2020 / Agbiz in the news

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DWS requires the compulsory installation of water meters and monthly reporting of water used for commercial irrigation

On Friday 17 January, the acting director general of the Department of Human Settlements, Water and Sanitation (DWS) published a notice in the Government Gazette requiring all irrigators to install water meters and report their monthly consumption. This notice specifically relates to those water users who do not form part of a water user association nor an irrigation board. Water users were given 30 working days to comply. - Theo Boshoff, Agbiz head of Legal Intelligence

24.01.2020 / Agbiz in the news

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What to expect from food price inflation this year

South Africa’s food price inflation averaged 3.1% y/y in 2019, which is well below market expectations. What many analysts seem to have underestimated was the length of the period that meat prices would remain subdued for, and its influence thereafter on the overall food price inflation headline number. This is because meat contributes 35% of the food inflation basket – a significant share. - Wandile Sihlobo, Agbiz chief economist *Written for and first published on Fin 24

23.01.2020 / Agbiz in the news

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South Africa must get on China’s agricultural radar

One of the key themes that dominated agricultural markets in 2019 was US-China trade tension. This caused trade diversion, as Chinese agricultural traders looked at other markets for goods they would have imported from the US. One of the countries that benefited most was Brazil, which saw its agricultural exports to China grow 35% between 2017 and 2018, to $31bn. - Wandile Sihlobo, Agbiz chief economist *Written for and first published in Business Day

21.01.2020 / Agbiz in the news

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Agbiz comments on the Medium Term Budget Policy Statement

This year’s Medium Term Budget Policy Statement (MTBPS) sees a marked deterioration in the budget deficit which is now at 6.2% of GDP from 4.7% in the February budget speech, which is far worse than expected. The key problem has largely been the lack of economic growth as well as mismanagement of Eskom finances. South Africa’s economy is now projected to grow by sub-1% this year and improve marginally to 1.2% in 2020. The efficient collection of tax remains a challenge but we trust this will change with the appointment of a new SARS Commissioner who is focused on rebuilding the institution. - Agbiz media statement

31.10.2019 / Media Releases

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These are challenging times for the global wool industry

This has not been a good year for the global wool industry. The world’s top two wool-producing countries – Australia and South Africa — are experiencing different, yet growth-constraining, challenges. In South Africa, the challenge is trade-related. Earlier this year, China, which accounts for roughly 71% of South Africa’s wool exports, temporarily stopped buying the country’s wool. This was because of a foot-and-mouth disease outbreak in Limpopo. The impact of this ban was immediately felt across the industry and sheep-farming communities of South Africa. The local authorities responded to the cries and started engaging with their Chinese counterparts in efforts to ensure that wool trade resumes between the two countries. But there hasn’t been a complete success thus far. - Wandile Sihlobo, Agbiz chief economist 

13.09.2019 / Agbiz in the news

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