Monthly Archives: February 2017

South Africa: Lots of grains and oilseeds on the horizon

by Wandile Sihlobo, Agbiz Economist on Feb 28th, 2017|

South Africa could potentially harvest a bumper crop in the 2016/17 production season. This comes after the Crop Estimate Committee’s first production estimates for summer crops reached 16.21 million tonnes, up by 72% from the previous season[1]. Moreover, this […]

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    Agbiz response to Minister Gordhan’s Budget Policy Statement

Agbiz response to Minister Gordhan’s Budget Policy Statement

by Dr John Purchase, CEO Agbiz on Feb 23rd, 2017|

“From an agribusiness perspective, this year’s budget speech comes against the backdrop of high food price inflation, a recent positive upturn in agribusiness confidence, and a convergence of factors that are now generally more favourable to agricultural production. This […]

SA’s bread and maize meal production painted a mixed picture in December 2016

by Wandile Sihlobo on Feb 21st, 2017|

South Africa produced a total of 182 million loaves (units) of bread in December 2016. Of this total, 50% was brown bread, 49% white bread and the balance was whole wheat bread (Chart 1). This is a 2% increase […]

Agbiz response to Minister Gugile Nkwinti’s push for land restitution without compensation

by Dr John Purchase, Agbiz CEO on Feb 16th, 2017|

This week Rural Development and Land Reform Minister Gugile Nkwinti told Parliament during the debate on the State of the Nation (SONA) address that a pre-colonial audit of land ownership, use and occupation is needed to speed up socio-economic […]

Major employer poised for a better year

by Wandile Sihlobo, Agbiz economist on Feb 16th, 2017|

*This column first appeared in Business Day on 16 February 2017

Agriculture plays a crucial role in the broader economy, constituting about 6% of South Africa’s total labour force.  This is double that of the noisiest industry, mining, and almost […]

SA’s annual food inflation decelerates

by Wandile Sihlobo, Head Economic and Agribusiness Intelligence at Agbiz on Feb 15th, 2017|

The recent food and non-alcoholic beverages inflation data suggest that we might have already reached the peak in food inflation and the coming months could show sideways to a downward trend. Data released this morning showed that South Africa’s […]

SA’s agricultural jobs at record high in Q4, 2016

by Wandile Sihlobo, Head Economic and Agribusiness Intelligence at Agbiz on Feb 14th, 2017|

Recent employment data shows that the agricultural sector created 4% more jobs in the fourth quarter of 2016 from the previous one – which is 38 000 additional jobs, putting the sector’s total labour force at 919 000 jobs. […]

Agbiz response to SONA 2017

by John Purchase, Agbiz CEO on Feb 10th, 2017|

Against the backdrop of chaotic and unacceptable scenes in Parliament, slow growth and massive unemployment, an increasingly fractious and fractured country, and an agriculture and agribusiness sector recently severely stress-tested by a disaster drought, President Jacob Zuma delivered the […]

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    UPDATE: SA’s agricultural machinery sales show a monthly uptick

UPDATE: SA’s agricultural machinery sales show a monthly uptick

by Wandile Sihlobo, Agbiz economist on Feb 7th, 2017|

Recent agricultural machinery sales data indicates that in January 2017, tractor sales were down by 18% when compared to January 2016 — with 478 units sold. However, this was 37% higher than the previous month’s sales. Meanwhile, combine harvester […]

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    US soybean farmers likely to suffer from Trump’s protectionism

US soybean farmers likely to suffer from Trump’s protectionism

by Wandile Sihlobo, Head Economic and Agribusiness Intelligence at Agbiz on Feb 2nd, 2017|

Every crisis brings opportunities. This rings true with the current trade debates in the Unites States (US), which could negatively influence its trade activities with China and Mexico. In an agricultural perspective, China is a key player in soybean […]