News archive

News archive - March-2019

South Africa cannot afford to ignore economic benefits of cannabis legalisation

Cannabis has now been decriminalised in over 50 countries in the world, with others joining the bandwagon.
Canada has been one of the leading countries in developing the sector, with stocks such as Canopy Growth, Aurora Cannabis, and Aphria attracting attention. Many Canadian entrepreneurs and investors have been streaming into Lesotho and some are waiting for the floodgates of this new wealth to open across the continent. Green Fund estimates that the global cannabis market is worth $150bn and the forecast by Barclays places the value of the sector at $272bn by 2028.  Please click here to listen to a 702 radio interview with Wandile Sihlobo on this topic. - Agbiz chief economist Wandile Sihlobo and Prof. Mzukisi Qobo, associate professor at Wits Business School *Written for and first published in Business Day.

19.07.2019 / Agbiz in the news

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Minister Thoko Didiza tables budget vote in Parliament

The Minister of Agriculture, Land Reform and Rural Development Reform, Thoko Didiza, together with the deputy ministers, Mcebisi Skwatsha and Sdumo Dlamini, tabled the department's programmes implementation plans for the 2019/20 financial year during the budget vote speech on 16 July 2019. 

16.07.2019 / Agbiz in the news

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Biosecurity is key for export-led growth

Disease management remains a key aspect of South African agriculture, especially when it comes to livestock, as this industry is the greatest contributor to the sector, accounting for 51% of total production, Agbiz chief economist Wandile Sihlobo told agricultural journalists at the National Animal Health Forum (NAHF) and Agricultural Writers South Africa liaison workshop earlier this week. "For export activity to take off, biosecurity is key, considering the recent incidents of foot-and-mouth disease (FMD) that resulted in a ban on beef as well as wool exports." 

16.07.2019 / Agbiz in the news

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What to make of the latest USDA report?

If the US maize crop was at an advanced stage of growth, the latest US Department of Agriculture (USDA) report would have convinced us that the supplies will be in better shape than initially feared. Last week, the agency lifted its estimate for US maize production by 1% from June 2019 to 352 million tonnes. This improvement, coupled with an uptick of the Black Sea's production estimates led to a 1% increase in the 2019/20 global maize production estimate to 1.1 billion tonnes. This would, however, still be 2% less than the 2018/19 harvest. - Wandile Sihlobo, Agbiz chief economist

15.07.2019 / Agbiz in the news

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IFAMA Conference focuses on e-commerce and agri-food value chain transformation

The 2019 IFAMA World Conference was hosted in Hangzhou from 22 to 26 June 2019. The conference focused on e-commerce and agri-food value chain transformation. Agbiz CEO Dr John Purchase was invited as panellist in a session on land use tenure, governance and land policies.

12.07.2019 / Agbiz in the news

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