Monthly Archives: June 2017

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    South Africa set to harvest the biggest soybean crop on record

South Africa set to harvest the biggest soybean crop on record

by Wandile Sihlobo, Head: Agbiz Economic Intelligence on Jun 28th, 2017|

Despite revising the country’s soybean production forecast to 1.23 million tonnes in May, the Crop Estimate Committee (CEC) has again winched up its forecast to 1.34 million tonnes – making this season’s crop the largest on record. This means […]

More of the same – SA’s wheat import tariff review outcome

by Wandile Sihlobo, Agbiz Head: Economic Intelligence on Jun 23rd, 2017|

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The outcome of the review of the dollar-based reference price and variable tariff formula for wheat was released this morning. The review was initiated by the government in April 2016 due to concerns about the impact of the […]

Agriculture confidence keeps sprouting

by Wandile Sihlobo, Head: Agribusiness Intelligence on Jun 22nd, 2017|

 

*Business Day column, 22 June 2017

Earlier this week, the South African Reserve Bank Governor, Lesetja Kganyago, remarked that at the present moment the country’s fundamental economic problem is weak confidence. Kganyago’s comments come after the Bureau for Economic Research’s […]

Ten major trends impacting on the future of agribusiness

by Dr John Purchase, chief executive: Agbiz on Jun 14th, 2017|

The traditional agricultural business model is changing for various reasons, and this requires new thinking and strategies from leaders in agribusiness. Agribusinesses are challenged with meeting the growing demand for food, fibre and beverages, while at the same time […]

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    Agbiz/IDC Agribusiness Confidence Index marginally declines in Q2, 2017

Agbiz/IDC Agribusiness Confidence Index marginally declines in Q2, 2017

by Wandile Sihlobo, Head: Economic Intelligence, Agricultural Business Chamber (Agbiz) on Jun 12th, 2017|

The Agbiz/IDC Agribusiness Confidence Index declined, albeit marginally, by one Index point to 56 points in the second quarter of this year. Despite the slight decline in confidence, the sector remains in expansionary territory[1]. This is the fourth consecutive […]

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    ‘Back to basics’ approach needed for transformation in the agro-food sector, not a flood of new legislation

‘Back to basics’ approach needed for transformation in the agro-food sector, not a flood of new legislation

by Theo Boshoff, Manager: Legal Intelligence, Agbiz on Jun 9th, 2017|

The past couple of months have seen the floodgates truly open with new Bills and regulations aimed at land reform:

The Regulation of Landholdings Bill, aimed at prohibiting foreign ownership of land and setting ceilings to ‘free up land’ for […]

Outlook is positive for agricultural jobs

by Wandile Sihlobo, Agbiz economist on Jun 8th, 2017|

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

Contrary to market expectation of a mild uptick in South Africa’s GDP in the first quarter of 2017, the country has slipped into a technical recession after two consecutive […]

SA’s agricultural machinery market remains vibrant

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

The South African agricultural machinery market remains vibrant, driven by a robust recovery in agricultural production and a stable domestic currency, for now. This vibrancy is reflected in the latest tractor sales, which reached 493 units in May 2017 […]

SA agricultural economy now showing signs of recovery

by Wandile Sihlobo, Agbiz economist on Jun 6th, 2017|

The agricultural GDP has landed in positive territory for the first time since 2014, driven by a robust recovery in agricultural production. The recovery in production is largely supported by a record maize and soybean harvest. Data released this […]

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    Property Valuation Regulations: current use…whatever happened to sustainable use?

Property Valuation Regulations: current use…whatever happened to sustainable use?

by Theo Boshoff, Agbiz Manager: Legal intelligence on Jun 1st, 2017|

South Africa’s Valuer-General, an office created by the Property Valuation Act, will receive public comments up until the 21st of June regarding its proposed methodology to calculate the value of land identified for land reform. The Act mandates the […]