ABC has become an institutional member and strategic partner of the International Food and
Agribusiness Management Association (IFAMA).
IFAMA was formed in 1990 to stimulate strategic thinking across the full spectrum of the food
chain, but today, it serves as an effective worldwide networking organisation in the food and
agribusiness sector. It is known to bring together top executives, academics, policy makers,
students and stakeholders to network and stimulate strategic thinking across the global food, fibre,
fuel, floral and forestry systems.
24.05.2012 / Media Releases
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
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
“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
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
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
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
The Agricultural Business Chamber (ABC) considers the National Budget 2012, as presented by the Minister of
Finance, Mr Pravin Gordhan on 22 February 2012, to be fair and responsible. Given the background of a
deteriorating global economy, there is very little room for error in the local fiscal policy environment and therefore
the rational approach in the budget is applauded. The budget fits rather effectively within the space available to
manoeuvre in. Considering the current account balance, the budget balance and government debt, South Africa is
in a cautious position, yet a much more favourable position than many other developing countries.
23.02.2012 / Media Releases