News archive

News archive - April-2018

SA food price inflation decelerates further to 3.5%

Food and non-alcoholic beverages inflation decelerated to 3.5% in March 2018, from 3.9% in the previous month. This is the lowest levels since December 2013 - thanks to last season’s robust crop output, as well as deceleration in meat price inflation. While there might be a slight uptick in the coming months in anticipation of the VAT and sugar tax effect, we expect the food and non-alcoholic beverages price inflation to remain at fairly low levels this year cushioned by a large grain stock from the current marketing year, as well as the expectation of a fairly good summer grain harvest - Wandile Sihlobo, Agbiz economist

20.04.2018 / Agbiz in the news

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Western Cape’s prospects depend on good winter rain

The west coast of South Africa, which is well known for good wines and being the country’ major winter grains producing region, has been saddled with below-normal winter rainfall for the past three years. The impact of this is clear from the Western Cape’s dwindling agricultural output - Wandile Sihlobo, Agbiz economist

13.04.2018 / Agbiz in the news

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South African tractor sales for March 2018 up 41% y/y

The South African tractor sales were up by 41% y/y in March 2018, with 726 units sold. This follows a 12% y/y contraction in February. On average, 23 tractors were sold a day last month compared to 21 tractors in February 2018 and 16 tractors a day in March 2017 -Wandile Sihlobo, Agbiz economist

 

12.04.2018 / Agbiz in the news

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ONLY 30 DAYS LEFT to register for the 2018 Agbiz Congress

We are pleased to announce another international keynote speaker, Dr Neal Gutterson, Chief Technical Officer at Corteva Agriscience™, Agriculture Division of DowDuPont™. Dr Gutterson will bring us valuable insight on research and development, as well as product development in relation to our congress theme of ‘Uncertainty Creates Opportunity’. 

10.04.2018 / Agbiz in the news

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Land dynamics in Africa: What is the potential for agricultural expansion?

Estimates by Fischer and Shah (2010) suggest that the world has 446 million hectares of potentially available uncultivated land. Of this, sub-Saharan Africa accounts for 202 million hectares or 45 percent - Dr Tinashe Kapuya and Mr Wandile Sihlobo 

05.04.2018 / Agbiz in the news

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National Minimum Wage implementation date postponed

The National Minimum Wage Bill and the Basic Conditions of Employment Amendment Bill jointly seek to transition South Africa from sectoral wage determinations towards a single minimum wage applicable on all industries in South Africa. These Bills are currently under discussion at the Parliamentary Portfolio Committee on Labour. As per the agreement reached between Labour, Government and Business at Nedlac, the National Minimum Wage was due to come into effect on the 1st of May 2018 - Theo Boshoff, Agbiz Head: Legal Intelligence

05.04.2018 / Agbiz in the news

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