News archive

News archive - December-2011

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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