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Agribusiness Outlook for 2018

by Dr John Purchase, Wandile Sihlobo, Sifiso Ntombela, Theo Boshoff, Mariana Purnell on Dec 4th, 2017|

“Over the past couple of years, Agbiz has indicated that South Africa had reached a decisive T-junction on its road into the future and that critical decisions were necessary to place the country on a sustainable growth and development […]

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    Was Zimbabwe the breadbasket of Africa before its land reform programme?

Was Zimbabwe the breadbasket of Africa before its land reform programme?

by Wandile Sihlobo (Agbiz agri economist) and Sifiso Ntombela (Agbiz trade economist) on Nov 29th, 2017|

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There is a commonly held view that Zimbabwe used to be the breadbasket of Africa, although the specific timeframe is unclear.

This vague narrative gives an impression that Zimbabwe lost its “breadbasket” status during former President Robert Mugabe’s tenure. […]

Global sunflower seed production declines

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

After experiencing an uptick in sunflower seed production in the 2016/17 season, the world is set to harvest a relatively smaller crop in the 2017/18 production season. The most recent estimates from SUNSEEDMAN, a Turkish based consulting group, suggests […]

SA food products price inflation slows to 1.3% y/y

by Wandile Sihlobo, Agbiz economist on Oct 26th, 2017|

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Food products’ price inflation eased to 1.3% y/y in September 2017, from 1.9% y/y in the previous month. The deceleration was broad-based, with the exception of dairy products which inched up from the previous month. Meat and meat […]

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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 […]

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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 […]

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 […]