“But this could result in a trade war where countries will put up barriers.”Gordhan said the rand, which has strengthened consistently behind high foreign investment flows, was in “serious danger of competitive devaluation”.Other emerging markets, such as Brazil, Turkey and China, have moved to weaken their currencies, but South Africa’s Reserve Bank governor Gill Marcus has said South Africa can’t afford to act this aggressively.
03.11.2010 / Agbiz in the news
The Agricultural Business Chamber (ABC) is filled with a sense of sanctuary after the Medium Term
Budgetary Policy Statement by the Minister of Finance, Minister Pravin Gordhan, on 27 October
2010. The stated assessment and expectations by the Minister of Finance on both the global and
domestic economic outlook was generally accepted to be fair and realistic. The ABC agrees that SA’s
economy finds itself in a fragile and slow recovery stage and states that the 3% growth projection
throughout the remaining part of the year might be slightly over-optimistic.
28.10.2010 / Media Releases
Boere en ander landbourolspelers van dwarsoor die land het Dinsdag die Outeniqua Navorsingsplaas by George se jaarlikse inligtingsdag bygewoon.
21.10.2010 / Agbiz in the news
Die Regering is besig om te ondersoek hoe die pryse van monopolistiese semi-staatsinstellings kospryse beïnvloed.
Dít volg nadat dr. John Purchase, uitvoerende hoof van die Landboubesigheidskamer, die Departement van Landbou, Bosbou en Visserye versoek het om die Nasionale Landboubemarkingsraad (NLBR) en die Buro vir Voedsel- en Landboubeleid (BFAP) te betrek by ‘n studie oor die invloed van staatsgeadministrateerde tariewe op voedselpryse.
13.10.2010 / Agbiz in the news
South Africa's business community is having sleepless nights about the continued calls for nationalisation of local companies.
Despite repeated assurances by President Jacob Zuma that nationalisation is not government policy, ANC Youth League president Julius Malema uses every platform to push nationalisation and insist that the ANC's national executive committee is discussing it.
10.10.2010 / Agbiz in the news
Dr John Purchase, CEO of the Agricultural Business Chamber(ABC), shares his insights about changing the Co-Operatives legislation and the importance of agricultural business in the agricultural value chain.
10.10.2010 / Agbiz in the news
Die produksieprysindeks (PPI)-syfer vir die landbou het met 1,2% tussen Julie en Augustus vanjaar gestyg, maar groter stygings is nodig, sê ekonome.
Volgens Statistieke SA het die algemene PPI vir Augustus op 7,8% te staan gekom, terwyl dit 9,4% in Julie was. Die verbruikersprysindeks (VPI)-syfer vir Augustus is 3,5%.
Wat die landbousektor aanbetref is ‘n styging van 1,2% aangeteken ná Julie se syfer van 0,2%, en Augustus op 1,4% te staan gekom het.
05.10.2010 / Agbiz in the news
The parliamentary portfolio committee on agriculture, forestry and fisheries has been holding public hearings on transformation in the agricultural sector.
A variety of organisations have made representations to the committee, including the AgriBEE charter council. The department of agriculture, forestry and fisheries has also reported on the current status of transformation in the sector.
According to director general of the department, Langa Zita, the council is in the process of aligning the AgriBEE transformation charter with the requirements of a section 9 code of good practice as set out in Broad Based Black Economic Empowerment (BBBEE) Act 53 of 2003. When the charter was gazetted in March 2008, it was aligned to section 12 of the act and is therefore not binding to enterprises. This has made reporting on the sector’s transformation difficult.
01.10.2010 / Agbiz in the news
The ANC edged towards greater government intervention in the economy at its policy review
conference last week, while business commentators were concerned that mixed signals were
projected to the financial markets.
Key conundrums over policy were not tackled, argued Brait economist Colen Garrow. He said issues
concerning both domestic and foreign investors were not really addressed.
28.09.2010 / Agbiz in the news