Monthly Archives: April 2017

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    The CEC reaffirmed its view of large maize and soybean supplies this season

The CEC reaffirmed its view of large maize and soybean supplies this season

by Wandile Sihlobo, Agbiz Head: Economic and Agribusiness Intelligence on Apr 25th, 2017|

South Africa’s Crop Estimate Committee (CEC) reaffirmed its expectation of the second biggest maize crop on record in 2017. The CEC revised up its forecast by 1% from the previous one to 14.54 million tonnes. This is against market […]

Junk status and its influence on agriculture

by Dr John Purchase, CEO: Agbiz on Apr 24th, 2017|

As the dust settles on the past month’s dramatic political developments and the much publicised investment downgrades by the rating agencies Standard and Poor’s (S&P) and Fitch to so-called junk status, reality sets in and we have to determine […]

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    Regulations published on the procedural requirements for water license applications

Regulations published on the procedural requirements for water license applications

by Theo Boshoff, Agbiz: Manager Legal Intelligence on Apr 21st, 2017|

On 24 March the Department of Water and Sanitation promulgated regulations laying out the procedure that will need to be followed by an applicant seeking a water use license in terms of the National Water Act. Draft regulations were […]

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    SA’s annual food inflation falls to the lowest level in 14 months

SA’s annual food inflation falls to the lowest level in 14 months

by Wandile Sihlobo, Head: Economic and Agribusiness Intelligence, Agbiz on Apr 19th, 2017|

Although there are lag effects between the decline in agricultural commodity prices and retail food prices, the benefits of the uptick in agricultural production are already reflected in food prices. South Africa’s annual food and beverages inflation fell to […]

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    SA agricultural sector likely to pay 3% more for diesel next month

SA agricultural sector likely to pay 3% more for diesel next month

by Wandile Sihlobo, Head: Economic and Agribusiness Intelligence, Agbiz on Apr 18th, 2017|

The weaker ZAR/USD exchange and higher Brent crude oil prices means agribusinesses and farmers could be paying 3% more for a litre of diesel next month. Recent data from the Central Energy Fund shows that petrol (95 ULP Inland) […]

Poor will be hit hardest by downgrades

by Wandile Sihlobo, Head Economic and Agribusiness Intelligence on Apr 13th, 2017|

* This was first published on 13 April 2017 as a column in Business Day 

The ongoing debate regarding the recent downgrade of South Africa’s credit score to sub-investment grade has been dominated by the middle class and the wealthy […]

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    Latest land reform proposals based on the wrong premise of departure

Latest land reform proposals based on the wrong premise of departure

by Theo Boshoff, Agbiz Manager: Legal Intelligence on Apr 12th, 2017|

Land reform is not a uniquely South African invention. Several countries around the world have undertaken land reform programmes for one purpose or another. Several Latin American countries embarked on a process to break a system of rent-seeking by […]

This is how a weaker rand will affect the agricultural economy – and your ability to buy food

by Wandile Sihlobo, head of agribusiness intelligence, Agbiz on Apr 7th, 2017|

*This article first appeared in the Huffington Post on 6 April 2017

One of the more direct impacts of the current political uncertainty is reflected in the depreciation of the rand, which has substantially weakened over the past few days. […]

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    The decision by S&P to downgrade South Africa’s sovereign debt to junk status is bad news for agribusiness and especially for consumers

The decision by S&P to downgrade South Africa’s sovereign debt to junk status is bad news for agribusiness and especially for consumers

by Dr John Purchase, Agbiz CEO on Apr 7th, 2017|

“The dramatic political developments of the past week, and the consequential and expected downgrading of South Africa’s investment grade to so-called junk status by the rating agency Standard and Poor’s (S&P), is seriously bad news for the agricultural and agribusiness […]

Government land reform policies not putting beneficiaries first

by Theo Boshoff, Agbiz Manager: Legal intelligence on Apr 7th, 2017|

Land reform in South Africa is not a nice-to-have, it is a fundamental constitutional right that aims to bring about restorative justice and create economic opportunities for those that were historically excluded from that opportunity. In this context, it […]