News archive

News archive - March-2012

Sasol Agricultural Trust to play key role in growth

The Agricultural Business Chamber (ABC) has said that the Sasol Agricultural Trust, worth R30 million, launched recently will play a significant role in helping South African agriculture regain its potential for growth.

Over the next three years the trust will provide funds for research and programmes that will benefit the competitiveness of the country’s commercial and emerging farmers. CEO of the chamber, Dr John Purchase, explained that SA agriculture had not grown to its full potential during the past decade.

23.03.2012 / Agbiz in the news

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High administered prices put investors off

Agribusinesses applauded finance minister, Pravin Gordhan for putting emphasis on reducing the cost of doing business in South Africa during his 2012 budget speech.

Gordhan said that rapid increases in administered prices must be addressed.

But, according to the Agricultural Business Chamber, Gordhan’s words carry little weight, as the increase in the fuel levy (28c/l) and “the remaining burdening regulatory regime” will only cause the cost of doing business to increase further.

09.03.2012 / Agbiz in the news

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Budget praised for reference to agriculture

“I don’t think I’ve heard ‘agriculture’ mentioned so many times in a budget before.”

This was the reaction of Dr John Purchase, CEO of the Agricultural Business Chamber, to the minister of finance, Pravin Gordhan’s, recent budget speech at a media briefing. “The budget had a strong developmental and redistributive focus.”

André Jooste, from the National Agricultural Marketing Council agreed: “The infrastructure budget (of government) will increase by less than the budget on social grants. We’ll need to find ways to address this.”

09.03.2012 / Agbiz in the news

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Agriculture sector offers opportunities in Africa

Governments in Africa should consider more favourable agriculture policies to create an enabling environment for agriculture and agribusiness to be globally competitive, delegates at the sixth African Economic Forum in Cape Town heard this week.

Agricultural Business Chamber CEO Dr John Purchase said Africa, which spends over $50-billion a year on food imports, required input from both the public and private sectors to increase the continent’s agricultural output.

07.03.2012 / Agbiz in the news

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Sakevertroue op met 25%

Kaapstad. – Landbou-onder­nemings is opnuut optimisties oor hul omstandighede nadat hulle in die laaste kwartaal van verlede jaar nie veel moed gehad het nie.

Die Landboubesigheidskamer (LBK) en Nywerheidsontwikkelingskorporasie (NOK) se sakevertroue-indeks vir die eerste kwartaal van 2012 het op 64 punte te staan gekom, 25% hoër as in die laaste kwartaal van 2011.

02.03.2012 / Agbiz in the news

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Agribusiness’ Confidence Recovering Steadily

Agribusinesses kicked the first quarter of 2012 off on a positive note

continues. The duration of 2011 was defined by its positive, yet low confidence; mostly due to the inhibiting

impact of the increase in the cost of doing business, which constrained the good expectations for the higher

commodity and farm gate prices.

01.03.2012 / Media Releases

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