Monthly Archives: May 2017

  • Harvester combine harvesting corn on summer day.
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    South Africa set to harvest the biggest maize crop on record

South Africa set to harvest the biggest maize crop on record

by Wandile Sihlobo and Tinashe Kapuya, Agbiz economists on May 31st, 2017|

After the CEC revised its maize production forecast to 14.54 million tonnes in April, it has further lifted its forecast to 15.63 million tonnes – making this season’s crop the largest on record. This means that exportable maize surplus […]

SA faces stiff maize export competition

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

*This column first appeared in Business Day on 25 May 2017.

The South African maize industry has made a remarkable rebound and it is expecting a bumper crop this season. However, new developments have compelled me to revise parts of […]

SA’s annual food producer price inflation falls

by Wandile Sihlobo and Tinashe Kapuya on May 25th, 2017|

The notable uptick in agricultural production has kept market prices under pressure over the past few months and food processors continue to benefit from this improvement. Data released this morning showed that South Africa’s food producer price inflation slowed […]

Western Cape an exception amid signs of recovery in agriculture

by Wandile Sihlobo and Tinashe Kapuya, Agbiz economists on May 24th, 2017|

This article was first published in Business Day on 24 March 2017

It is often said the macroeconomic standing of the agricultural sector has diminished, an argument supported by the sector’s declining share of GDP, which fell from 4.2% in […]

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    SA’s annual food inflation falls to the lowest level in 18 months

SA’s annual food inflation falls to the lowest level in 18 months

by Wandile Sihlobo, Head: Economic and agribusiness intelligence of Agbiz on May 24th, 2017|

Last month’s deceleration in food inflation, to 6.7% y/y, means that South Africa’s food prices are at the lowest levels in 18 months. This is a reflection of the benefits of higher agricultural output this year following good weather conditions across […]

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    South Africa’s agricultural sector: Current realities and future prospects

South Africa’s agricultural sector: Current realities and future prospects

by Tinashe Kapuya and Wandile Sihlobo, Agbiz economists on May 19th, 2017|

Often said is the statement that the macroeconomic standing of the agricultural sector has diminished – and this argument is supported by the sector’s declining share of GDP, which has declined from 4.2% in the 1996 down to 2.3% […]

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    Agbiz involved in land reform and related policy developments

Agbiz involved in land reform and related policy developments

by Theo Boshoff, Manager: Legal Intelligence, Agbiz on May 19th, 2017|

The past two months have seen considerable movement in the land reform policy domain as no fewer than two Bills and one set of draft regulations were published for public comment and consequently received considerable media attention. In each […]

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    SA agricultural sector likely to get a 2% relief on diesel price next month

SA agricultural sector likely to get a 2% relief on diesel price next month

by Wandile Sihlobo, Head of economic and agribusiness intelligence at Agbiz on May 17th, 2017|

Agribusinesses and farmers could be paying 2% less for a litre of diesel and petrol next month. Diesel (0.05% Wholesale Inland) and petrol (95 ULP Inland) prices could decline by 21 cents per litre (c/l), respectively, on 07 June […]

Eastern Cape farmers need investment

by Wandile Sihlobo, Head of economic and agribusiness intelligence at Agbiz on May 11th, 2017|

*First appeared in Business Day on 11 May 2017.

The overemphasis on the Eastern Cape’s economic challenges often overshadows the debate about its potential. It is true that the province’s unemployment is above the national rate of 26.5%, with youth […]

Minister Zokwana’s strategic grain reserve a costly option

by Tinashe Kapuya, Agbiz Head: International Trade and Investment Intelligence on May 2nd, 2017|

Minister Senzeni Zokwana made a startling revelation on the 26th April 2017 when he said government is considering establishing a strategic grain reserve against future drought induced food shortages. At face value, it sounds quite rational. But in practice, […]