News archive

News archive - November-2016

25 000 job cuts recorded in SA agriculture in Q3, 2017

After cutting 84 000 jobs in the first half of 2017, South Africa’s agricultural sector saw a further 25 000 jobs lost in the third quarter. This puts the combined agricultural job cuts for the past three quarters of this year at 109 000. About 84% of the third quarter job losses were in the Western Cape, which reflects the impact of the continued drought on agricultural activity in the province - Wandile Sihlobo, Agbiz economist

02.11.2017 / Agbiz in the news

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‘Expropriation without compensation’: Impact on food availability and affordability

We must ensure that land reform happens, but in a sustainable way so that agricultural production and food supply remain vibrant over the coming years in order to prevent basic nutrition from becoming unaffordable. As it currently stands, Stats SA estimates that 13,8 million South Africans, or one in every four, live under the food poverty line, which means they cannot afford their basic food demands and are food insecure. If the price of food increases due to uncertainty regarding expropriation without compensation and the associated disinvestment into the sector, the situation will become even worse. It is therefore vital that we find solutions to accelerate land reform without causing large-scale uncertainty in the agro-food system - Theo Boshoff, Agbiz Head: Legal intelligence

02.11.2017 / Agbiz in the news

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South African farmers intend to increase summer crop hectares in 2017/18

South Africa’s overall 2017/18 summer crops intentions-to-plant data paints an optimistic picture, with the total area plantings expected to increase by 1% from the previous season to 4.03 million hectares - Wandile Sihlobo, Agbiz economist

26.10.2017 / Agbiz in the news

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SA food products price inflation slows to 1.3% y/y

Food products’ price inflation eased to 1.3% y/y in September 2017, from 1.9% y/y in the previous month. The deceleration was broad-based, with the exception of dairy products which inched up from the previous month - Wandile Sihlobo, Agbiz economist

26.10.2017 / Agbiz in the news

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New World Bank book shows value of data in farming interventions

Strategic interventions should be informed by facts in order to be effective in addressing societal challenges - Wandile Sihlobo, Agbiz economist

26.10.2017 / Agbiz in the news

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Gigaba ‘hasn’t allayed farmers’ fears’

The medium-term budget statement did little to inspire business confidence - Dr John Purchase, CEO of Agbiz.

26.10.2017 / Agbiz in the news

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Agbiz response to Minister Gigaba’s Medium-Term Budget Policy Statement

This year’s Medium-Term Budget Policy Statement comes against the backdrop of low business confidence and low economic growth, with GDP being revised down to 0.7% for 2017 from 1.3% in the previous statement - Dr John Purchase, Agbiz CEO

26.10.2017 / Agbiz in the news

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A 2% increase in diesel price on the cards in November 2017

South African fuel prices have been on an upward trend since August 2017, mainly driven by an increase in Brent crude oil prices, as well as a relatively weaker domestic currency - Wandile Sihlobo, Agbiz economist

24.10.2017 / Agbiz in the news

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