News archive

News archive - February-2011

ABC hosts high level US delegation

The Agricultural Business Chamber (ABC) was pleased to host a high-level delegation from

the United States (US) on 7 June 2011. The US delegation was led by Mr Jose Fernandez,

Assistant Secretary of State, Economic, Energy, and Business Affairs; US Department of State;

and consisted of Mr Jack Bobo, Foreign Affairs Officer; Mr Ross Kreamer, Minister-Counselor

of US Department of Agriculture (USDA) Foreign Agricultural Services (FAS), and a number of

other US Officials from the US Embassy in Pretoria. The ABC was represented by Mr Schalk

Pienaar, Chairman of the ABC and MD of Suidwes Landbou, Ms Elaine Alexander, CEO of

South African Table Grape Industry (SATGI), Mr Ronald Ramabulana, CEO of the National

Agricultural Marketing Council (NAMC), Mr William Malan, Deputy Head of Absa

Agribusiness (all ABC Board members), and Prof Vaughan Hattingh of Citrus Research

International, together with ABC officials.

07.06.2011 / Media Releases

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Farmers don't bank on Land Bank

Cape Town  - Commercial banks currently contribute 75% towards agricultural financing in South Africa,  while the Land Bank’s 30% share in 2000 has fallen to 8%.

These figures on agricultural financing came to light in a debate on the subject initiated by the Agricultural Business Chamber (ABC).

The debate follows Finance Minister Pravin Gordhan’s request for a further urgent look into agricultural financing, and especially development finance.

06.06.2011 / Agbiz in the news

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Ontluikende boere se behoeftes onbekend

Landboufinansiers verstaan nie die behoeftes van klein-en op-komende boere genoeng nie,sê dr.Tobias Doyer,hoofbestuur-der van Santam Landbou.

29.05.2011 / Agbiz in the news

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ABC Centenary Bursary funding student for further studies in the field of agribusiness

The Agricultural Business Chamber (ABC) has strengthened its existing links with South African

Universities through the introduction of the Centenary Bursary for a student registered for a

Masters or PhD degree in either agricultural economics or agribusiness management at any

recognised SA university.

The Centenary Bursary has been launched in honour of those ABC members who recently

celebrated their Centenary, i.e. NWK, Suidwes Landbou, Senwes and NTK. The bursary is

intended to inspire students to contribute towards a positive agribusiness sector in South Africa,

through the knowledge gained by their studies.

27.05.2011 / Media Releases

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ABC’s expectations, based on the Monetary Policy Review, May 2011

The ABC attended the Monetary Policy Forum on Tuesday, 24 May 2011, at the Reserve Bank. Governor

Gill Marcus and the Monetary Policy Committee (MPC) members presented the Monetary Policy Review

for May 2011, released on the day.

A lot of speculation regarding the possible increase in interest rates has lately been going on amongst

decision makers and in the media. The MPC presented their views (as per the Review document),

identified some important aspects they base their decisions on and provided just enough to say much, but

reveal nothing – leaving one to “read between the lines” towards expected changes in monetary policy.

The MPC perceive the global economic recovery to be on track, taking in consideration the number of

vulnerabilities continuing to characterise the global economy. Global inflation risks have also increased,

particularly in emerging market economies. Many emerging market economies have recently tightened

their monetary policies (with other words increased their interest rates) in response. The domestic

growth prognosis has also improved, even though growth remains below potential.

27.05.2011 / Media Releases

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From the “highs” in 2008, to the “lows” in 2009 and again the “highs” in 2011

Agribusinesses in South Africa have had positive business confidence for a year now; peaking since the beginning

of 2011. According to the results from the ABC/IDC Agribusiness Confidence Index, agribusinesses’ confidence

increased to 62.7 index points in the second quarter of 2011. It is a mere 1% higher than the first quarter of 2011

and 12% higher than the same quarter of the previous year.

Last year this time (second quarter of 2010), the ABC/IDC Agribusiness Confidence Index reached 55,7 index

points - it was the first time to be in positive territory (being above the neutral level of 50 basis points) since the

third quarter of 2008.

27.05.2011 / Media Releases

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Duur krag, brandstof sny poste in landbousektor.

Hennie Duvenhage, Kaapstad

Die hoër koste van elektrisiteit en brandstof plaas die winsmarges van sommige

landboumaatskappye só onder druk dat die getal werkgeleenthede in die landbousakesektor

afneem.

Dít blyk uit die Landboubesigheidskamer (LBK) en Nywerheidsontwikkelingskorporasie

(NOK) se vertrouensindeks vir die landbousakesektor.

26.05.2011 / Agbiz in the news

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Food prices: Slim pickings

Food prices worldwide have been rocketing. SA, though shielded to

some extent, is now heading the global route. Shannon Sherry looks

at what is driving prices and who benefits along the value chain.

06.05.2011 / Agbiz in the news

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Staat besef dalk nou eers wat landbou hehels

Dit is duidelik in die landboubegroting dat sterker vennootskappe tussen die staat en die private sektor sal verseker dat die landbou tot sy reg kan kom.

06.05.2011 / Agbiz in the news

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'Staat sloer te lank met uitbetalings'

Die Regering slover met die be-skikbaarstelling van geld vir landboufinansiering.

06.05.2011 / Agbiz in the news

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Rolspelers wil finansiering saam takel

Verteenwoordigers van die private sektor en die Regering gaan saam planne beraam om struikelblokke in ontwikkelingsfinansiering sinvolt te oorkom.

29.04.2011 / Agbiz in the news

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Koöperasies: Staat wil meer inmeng

en van die voorgestelde everanderinge aan die kooperasiewet(nr.14 van 2005) kan tot onnodige staatsinmenging by kooperasies lei.

29.04.2011 / Agbiz in the news

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Kyk net hoe word landbou benadeel

Toenemende kommer oor die die staat se vermoe om goeie diens te lewer en om die landbou se mededingendheid te verseker, noodsaak dringende gesprekke.

22.04.2011 / Agbiz in the news

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Government spending knocks wind out of South Africa’s sails

Farmers are bracing themselves for the effect of Eskoms's tariff hike on 1 April , while the price of petrol increased by 54l to almost R10l on 7 April and diesel by 70l.Administered prices or prices determined by goverment remain a driving force behind inflation.

15.04.2011 / Agbiz in the news

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Landbou-deel te klein

Verskeie landboukenners meen dat die landbou en landelike ontwikkeling n te beskei deel van die begrotingskoek kry.

04.04.2011 / Agbiz in the news

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Werkskepping in die soeklig

Werkskepping in die landbou en landelike ontwikkeling het n hupstoot gekry op die onlangse presidensiele beraad tussen die Regering en Besigheidseenheid Suid-AFRICA(Busa).

01.04.2011 / Agbiz in the news

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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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