News archive

News archive - February-2017

Mixed rainfall changes SA agricultural outlook

I concluded 2017 with a positive outlook for South Africa’s agriculture in 2018 – underpinned by good chances of La Niña weather conditions during the 2017/18 summer season. This essentially meant that the country was expected to receive above-normal rainfall, which would have been good for agricultural activity - Wandile Sihlobo, Agbiz Economist - This article first appeared in Business Day, 11 January 2017

 

11.01.2018 / Agbiz in the news

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South African tractor sales grew by 19% y/y in December 2017

South African tractor sales expanded by 19% y/y in December 2017, with 417 units sold. However, this was down by 26% when compared to the previous month, which mirrors a slowdown in field activity as summer crop planting was almost complete in most areas - Wandile Sihlobo, Agbiz economist

11.01.2018 / Agbiz in the news

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Future economies powerhouse, would they have an appetite for beef?

PwC projected that the world economy could double in size by 2050, driven by new powerhouse economies such as China, India, Indonesia, Brazil, Mexico and Russia measured in purchasing power parity (PPP). Growth theory postulates that as economies developed, their consumers’ protein intake tends to increase substituting the starch - Sifiso Ntombela

09.01.2018 / Agbiz in the news

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Happy new year

Best wishes for 2018 to our members and stakeholders 

02.01.2018 / Agbiz in the news

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Happy new year

Best wishes for 2018 to our members and stakeholders 

02.01.2018 / Agbiz in the news

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Agbiz notes with disappointment and deep concern the ANC resolution on land expropriation without compensation

“The Agricultural Business Chamber (Agbiz) has noted with disappointment and deep concern the resolution adopted by the ANC Elective Conference to amend the Constitution of South Africa to effect land expropriation without compensation, albeit subject to certain caveats and conditions regarding sustainability,” Dr John Purchase, CEO of Agbiz, stated today.

21.12.2017 / Agbiz in the news

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Competition Bill gets tough, but not necessarily unfair

On the 1st of December, the Minister of Economic Development published the Competition Laws Amendment Bill for public comments. The Bill seeks to amend the Competition Act by introducing more stringent regulation to govern mergers and acquisitions as well as further define the bounds of abusing market dominance. There is furthermore a distinct focus on transformation by making a link between market dominance and barriers to entry experienced by small, emerging black firms - Theo Boshoff, Agbiz Head: Legal Intelligence

15.12.2017 / Agbiz in the news

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SA food producer price inflation accelerates to 0.9% y/y

The headline food producer price inflation for November accelerated to 0.9% y/y from 0.4% y/y in October. The key driver of this uptick is mainly an acceleration in meat and dairy products prices. From the meat perspective, the increase is in turn driven by higher live animals’ prices, whereas dairy products prices have largely been following seasonal trends. Apart from that, other products producer prices remain at relatively lower levels, reflecting a good harvest of the 2016/17 production season - Wandile Sihlobo, Agbiz economist

14.12.2017 / Agbiz in the news

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Damages of the Western Cape’s drought on fruit production and exports, how bad is it?

Fruit account 33.2 percent share in South Africa’s total agricultural exports and the majority is produced in the Western Cape province. In 2017, fruit exports are expected to increase by 9.8 and 5.5 percent against 2016, when measured in value and quantity terms respectively - Sifiso Ntombela, Agbiz Head: International Trade and Investment

14.12.2017 / Agbiz in the news

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SA food price inflation continues to decelerate

Food inflation decelerated to 5.2% y/y last month, from 5.3% y/y in October 2017. Most food products price inflation within the basket continued to slow, reflecting the recent good harvest of grains and oilseeds. Moreover, meat price inflation, which has been somewhat stickier in the past few months, also decelerated due to an uptick in livestock slaughtering activity - Wandile Sihlobo, Agbiz economist

13.12.2017 / Agbiz in the news

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