News archive

News archive - June-2016

South Africa’s food inflation accelerates

Recent Consumer Price Index data shows that food and non-alcoholic beverages inflation accelerated to 11.7% year-on-year (y/y) in December 2016 from 11.6% in November 20161 (with non-alcoholic beverages aside, food inflation increased to 12% y/y in December 2016 from 11.8% y/y in November 2016).

19.01.2017 / Agbiz in the news

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More rains hold key to S.A's summer crops

More rains are expected to fall in South Africa over the next week. This could potentially improve soil moisture and dam levels, and in turn, benefit summer crops. Wandile Sihlobo, Head, Economic & Agribusiness Intelligence division at Agbiz joins CNBC Africa for more.

12.01.2017 / Agbiz in the news

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SA’s agricultural machinery sales paint a mixed picture

Recent agricultural machinery sales data indicates that in December 2016, tractor sales were up by 28% when compared to December 2015 — with 349 units sold. However, this was 23% lower than the previous month’s sales. Meanwhile, combine harvester sales were at the same level as for December 2015 – with only 7 units sold.

12.01.2017 / Agbiz in the news

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Relief on the way for consumers

There is some relief on the way for cash strapped consumers. After the rainfall, there is expected cut on food prices. Wandile Sihlobo from AGBIZ explains.
ENCA Enews

09.01.2017 / Agbiz in the news

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A little rain goes a long way for farmers

"Eight provinces were declared drought disaster areas early in 2016, which indicates both the severity and extent of the drought," said John Purchase, CEO of Agbiz, this week.
www.timeslive.co.za

09.01.2017 / Agbiz in the news

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Agriculture will carry economy

Grains would lead the recovery in agriculture, said Wandile Sihlobo from Agbiz. Overall, the area planted for grains is estimated at 15% more than the previous year, which should boost production by between 20% and 30%.
- www.fin24.com

09.01.2017 / Agbiz in the news

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Food inflation likely to go down in 2017, but meat prices remain high

Agricultural economist, Wandile Sihlobo, says it seems like 2017 will be a better agricultural year compared to last year.  He says summer season rains have a had a good impact on crops, and food inflation is likely to go down from April going on to the third quarter of this year.
www.702.co.za

05.01.2017 / Agbiz in the news

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South African fuel prices set to increase next month

Preliminary estimates from the Central Energy Fund suggest that petrol (95 ULP Inland) and diesel (0.05% Wholesale Inland) prices could increase by 20 cents per litre (c/l) and 18 c/l, respectively, on 04 January 2017.
- Wandile Sihlobo

15.12.2016 / Agbiz in the news

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South Africa’s food inflation decelerates

Recent Consumer Price Index data shows that food and non-alcoholic beverages inflation decelerated to 11.6% year-on-year (y/y) in November 2016 from 11.7% in October 2016.
- Wandile Sihlobo

15.12.2016 / Agbiz in the news

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UPDATE: South Africa’s agricultural machinery sales see slight uptick

Recent agricultural machinery sales data indicates that in November 2016, tractor sales were up by 0.2% when compared to November 2015 — with 453 units sold.
- Wandile Sihlobo

12.12.2016 / Agbiz in the news

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Government approves GM maize imports from the US

The head of Economic and Agribusiness Intelligence at the Agricultural Business Chamber, Wandile Sihlobo, called this decision ‘critical’, and forecast a strong correlation between the yellow maize price and the US price.
- www.sabreakingnews.co.za

07.12.2016 / Agbiz in the news

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SA agricultural sector vs economic growth figures

The country's economy grew slower than expected in the third quarter, dampening hopes of a recovery anytime soon.  SABC News interviewed Wandile Sihblobo of Agbiz.

07.12.2016 / Agbiz in the news

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South African agricultural sector remains in recession

Recent Gross Domestic Product (GDP) data shows that South Africa’s agricultural sector remains in recession. This is based on a negative growth of a seasonally adjusted annualised rate of -0.3% quarter-on-quarter in the third quarter of 2016.
- Wandile Sihlobo, Agbiz economist

06.12.2016 / News

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Agribusiness Outlook for 2017

As predicted, 2016 has been an extremely challenging and tumultuous year for the agribusiness environment and farmers alike, Agbiz CEO, Dr John Purchase, said today at a media briefing in Pretoria. Not only did the prevailing drought of the previous years continue its devastation over much of the country, but a declining economy...

25.11.2016 / Media Releases

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Agbiz/IDC Agribusiness Confidence Index declines marginally in Q4, 2016

The Agbiz/IDC Agribusiness Confidence Index declined by 5 index points in the fourth quarter of this year.  Seven out of ten sub-indices of the survey showed expansion, with the exception of turnover, net operating income and employment sub-indices, which were the key drivers of this decline. 
- Wandile Sihlobo, Agbiz

21.11.2016 / Media Releases

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Agbiz calls on all leaders and South Africans to uphold the Constitution and Rule of Law

“Events of the past week should be a major wake-up call to all South Africans. From Julius Malema’s anti-white and ‘land nationalisation without compensation’ utterances, to the totally absurd and unacceptable ‘coffin case’ racism..."
- Dr John Purchase, CEO of Agbiz

21.11.2016 / Media Releases

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South Africa’s agricultural machinery sales decline

Agricultural machinery sales data indicates that in October 2016, tractor sales were down by 16% when compared to October 2015.  We believe that tractor sales could maintain the current trend, as sowing activity is already in full swing and few farmers will potentially make purchases in the coming months.
- Wandile Sihlobo

16.11.2016 / Agbiz in the news

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South African fuel prices set to drop next month

Given the expected fuel price decrease, it would be ideal for farmers and agribusinesses to slow down on fuel purchases this month and only start re-stocking up next month.
- Wandile Siholobo, Agbiz economist

15.11.2016 / Agbiz in the news

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SA farmers pushed to the brink

Commercial farmers struggling to stay afloat in the face of a devastating drought are now auctioning off their livestock. Agricultural unions said the farmers in the Western Cape, North West and Free State were among the worst affected.
- www.iol.co.za

14.11.2016 / Agbiz in the news

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Trump kan lei tot handelsoorlog

Mnr. Wandile Sihlobo, hoof van ekonomiese en landbousake-inligting by Agbiz, sê die internasionale sentiment jeens Trump sal waarskynlik negatief wees weens onsekerheid oor sy beleidsrigting.
- www.landbou.com

11.11.2016 / Agbiz in the news

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Rand/US Dollar to remain a key driver of South African grain prices

South Africa is traditionally a net exporter of maize and a net importer of wheat. However, during 2015/16 marketing year the country became a net importer of both maize and wheat due to lower supplies on the back of a drought season.

03.11.2016 / Agbiz in the news

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Agbiz response to Minister Gordhan’s medium-term budget policy statement

Rarely has a medium-term budget policy statement (MTBPS) generated as much interest as the MTBPS of today, and rightly so. With continued sluggish and deteriorating economic growth, and increased demands on the fiscus for ‘free’ higher education, drought and other support for the agricultural sector, social welfare, a nuclear power programme and many more, Minister Gordhan and National Treasury have had a tough job to balance expenditure with lagging tax revenue. 

26.10.2016 / Agbiz in the news

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Groundnut production drops to 18 850t

Groundnut production in SA has declined to its lowest levels since 1946.  The drought was one of the main reasons for the industry’s poor performance, said Wandile Sihlobo, head of economic and agribusiness intelligence at Agbiz. 
- Farmer's Weekly

18.10.2016 / Agbiz in the news

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Avocados to US, nuts to China to boost SA’s exports

US consumers may soon see South African avocados on their supermarket shelves as growers from the country look for new markets to sustain export growth momentum that’s set to taper in its home continent.
- www.bloomberg.com

13.10.2016 / Agbiz in the news

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Jobless set to multiply as growth lags

A’s low growth will leave many people outside the labour market, with about 400,000 people failing to find employment every year, statistician-general Pali Lehohla has said.
- www.bdlive.co.za

12.10.2016 / Agbiz in the news

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Food and beverages manufacturing output accelerates

Recent food and beverage sectors’ manufacturing data indicates that in August 2016, output increased by 3.1% year-on-year (y/y), after registering a 0.8% y/y contraction in July 2016.

11.10.2016 / Agbiz in the news

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South Africa’s food producer price inflation rises again

Recent producer price index data indicates that in August 2016, producer inflation for final manufactured goods decelerated to 7.2% from 7.4% year-on-year (y/y) in the previous month.

29.09.2016 / Media Releases

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Why red meat prices will soar, even if the drought is broken

Red meat prices are expected to rise, further straining food inflation, as farmers rebuild their herds following record slaughters to cope with the worst drought in a century, industry experts say.
- www.bdlive.co.za

26.09.2016 / Agbiz in the news

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