News archive

News archive - March-2011

Werkskepping: Staat en sakelui praat

Werkskepping: Staat en sakelui praat

01.04.2011 / Agbiz in the news

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Agribusiness prospects looking up

IF ONE looks beyond the few negative factors, like land reform and other political issues, farm crime and unexpected natural disasters, prospects for the farming industry look better than they have for years.

Agribusinesses will undoubtedly share in this.

Not that food producers fared badly from March last year to the end-February this year: the share price of a listed company like Astral Foods [JSE:ARL], for example, rose by 30%, and Afgri [JSE:AFR] by about 19%.

30.03.2011 / Agbiz in the news

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Landbou se vertroue klim skerp

Kaapstad. - Verskeie positiewe faktore in die landboubedryf het daartoe gelei dat die Landboubesigheidskamer (LBK) se vertrouensindeks sy hoogste vlak in drie jaar bereik het.

Vir die eerste kwartaal van 2011 het die indeks op 62 te staan gekom. Dit is 13% hoër as die vlak in die laaste kwartaal van 2010 en 43% hoër as die vlak in die eerste kwartaal van 2010.

“Die positiewe vertrouensvlakke word grootliks veroorsaak deur die styging in kommoditeitspryse, verhoogde internasionale vraag, die herstel in die Suid-Afrikaanse ekonomie en verbeterde landbou-omstandighede,” sê me. Lindie Stroebel, ekonoom by die LBK.

16.03.2011 / Agbiz in the news

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Positive confidence levels maintained for almost a year now

The ABC / IDC Agribusiness Confidence Index reached its highest level in more than three years. The index

measured at 62 basis points in the first quarter of 2011; which is 13% higher than the preceding quarter and

43% higher than the same quarter of the previous year.

The positive confidence is largely due to higher commodity prices, increased international demand, the

recovery of the South African economy from the recession, and a significant improvement of general

agricultural conditions, when compared to last year. Government’s indication to work with the commercial

agriculture sector on the New Growth Path may be a further contributing factor to positive sentiment.

However, some looming constraints, such as cost of capital, infrastructure and service delivery, still inhibit

employment and capital expenditure, while both floods and droughts in certain areas have impacted

negatively on certain industries.

14.03.2011 / Media Releases

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