Agribusiness

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    Agbiz response to Minister Gigaba’s Medium-Term Budget Policy Statement

Agbiz response to Minister Gigaba’s Medium-Term Budget Policy Statement

by Dr John Purchase, Agbiz CEO on Oct 26th, 2017|

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This year’s Medium-Term Budget Policy Statement comes against the backdrop of low business confidence and low economic growth, with GDP being revised down to 0.7% for 2017 from 1.3% in the previous statement. At the same time, the […]

A 2% increase in diesel price on the cards in November 2017

by Wandile Sihlobo, Agbiz economist on Oct 24th, 2017|

South African fuel prices have been on an upward trend since August 2017, mainly driven by an increase in Brent crude oil prices, as well as a relatively weaker domestic currency. Next month, a notable uptick will be on […]

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    Land expropriation without compensation will impact the ordinary citizen

Land expropriation without compensation will impact the ordinary citizen

by Theo Boshoff, Agbiz Head: Legal Intelligence on Oct 19th, 2017|

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As we move closer and closer to the elective conference of the ruling party in December, South Africa’s focus is firmly set on who will emerge as the new leader of the ruling political party. Whilst the leadership […]

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    Next month fuel prices could reach the highest level in three years

Next month fuel prices could reach the highest level in three years

by Wandile Sihlobo, Agbiz economist on Sep 21st, 2017|

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On 4 October 2017, fuel prices could increase for a third consecutive month and reach the highest level in three years. The prices of diesel and petrol could each increase by 3% from the previous month, partly […]

SA food inflation falls to the lowest level in 21 months

by Wandile Sihlobo, Agbiz economist on Sep 21st, 2017|

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Food inflation decelerated to 5.7% y/y in August 2017, from 6.8% y/y in the previous month. This is the lowest levels since November 2015 – thanks to good summer rain, which led to a higher agricultural output. While […]

BRICS a growing market for SA agricultural exports

by Sifiso Ntombela, Agbiz head international trade and investment intelligence on Sep 7th, 2017|

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BRICS countries held their 9th summit from the 3rd of September in Xiamen, China under the theme of stronger partnership for a bright future. BRICS vision to deepen cooperation and trade for common development was this year boosted by […]

SA agricultural economy showing robust growth

by Wandile Sihlobo, Agbiz Economist on Sep 5th, 2017|

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The second quarter agricultural GDP figures confirm that the sector is eventually out of the woods. Data released this morning showed that the sector grew by 33.6% q/q in the second quarter of 2017, which is significantly higher […]

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    Agbiz/IDC Agribusiness Confidence Index declines further in Q3, 2017

Agbiz/IDC Agribusiness Confidence Index declines further in Q3, 2017

by Wandile Sihlobo, Agbiz economist on Sep 4th, 2017|

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The third quarter results of the Agbiz/IDC Agribusiness Confidence Index underline the sector’s reputation of being counter-cyclical. Although confidence in other sectors of the economy remains subdued, the agribusiness sector is still optimistic about business conditions in […]

Bagful of cost rises could counteract lower maize price

by Wandile Sihlobo, Agbiz economist on Sep 1st, 2017|

I recently tweeted a chart showing a long-term trend of South Africa’s maize prices and the message behind it was that the price of a tonne of maize declined by roughly 60% year-on-year in July 2017. This came thanks […]

Win-win solution for land reform not out of reach

by Theo Boshoff, Agbiz Head: Legal Intelligence on Sep 1st, 2017|

December 2017 will be the make or break point for land reform in South Africa. After more than twenty years into democracy, the country’s policies that drive transformation in various sectors of the economy has not quite lived up […]