News archive

News archive - December-2016

SA expects a big summer crop, while winter grains show a decline

After the National Crop Estimate Committee revised its maize production forecast to 15.69 million tonnes in July, it has further lifted its forecast to 16.41 million tonnes – making this season’s crop the largest on record. As indicated in our previous notes, this big crop means South Africa would, ideally, export over 4.0 million tonnes of maize in total for the 2017/18 season - Wandile Sihlobo, Agbiz economist

30.08.2017 / Agbiz in the news

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SA food inflation falls marginally to 6.8%, but meat remains a key risk

Food inflation decelerated to 6.8% y/y in July 2017, from 6.9% y/y in the previous month. This mirrors the benefits of the higher agricultural output following good summer rainfall across the country - Wandile Sihlobo, Agbiz economist

23.08.2017 / Agbiz in the news

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SA agricultural trade balance remains positive

Despite the worst drought in more than a decade, the South Africa’s agricultural sector recorded a positive trade balance of US$2.3 billion in 2016 . This was boosted by growth in exports of edible fruits, beverages, spirits and vegetables - Wandile Sihlobo - Agbiz economist

22.08.2017 / Agbiz in the news

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Agricultural finance in an environment of uncertainty

As we approach the new season in the summer rainfall region of South Africa, and a new cycle of production finance, it is opportune to take stock of the past season, as well as to consider the coming season - Dr John Purchase, CEO of Agbiz

21.08.2017 / Media Releases

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A 5% increase in fuel price on the cards in September 2017

Following a slight uptick in the beginning of August 2017, fuel price is set to increase further on 06 September 2017. The prices of diesel and petrol could increase by 5% from the previous month to the highest level in four months - Wandile Sihlobo, Agbiz economist

16.08.2017 / Agbiz in the news

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Draft Intellectual Property Policy, phase 1 released for public comment

On 8 August, the Department of Trade and Industry released phase 1 of the draft Intellectual Property Policy for public comment.  The draft policy seeks to facilitate the National Development Plan’s goal of migrating South Africa from a resource-intensive economy to a knowledge economy - Theo Boshoff, Head: Agbiz Legal Intelligence

11.08.2017 / Agbiz in the news

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