Latest News
Biofuels - a quick win that ticks all the right boxes
The Department of Minerals and Energy published a National Industrial Strategy on biofuel production in South Africa as far back as 2007. Sadly, this strategy received widespread opposition from certain groupings based on a misunderstanding of its potential impact on food security. As such, the strategy has still not been finalised. The biofuels industry has the potential to create in excess of 25 000 jobs and contribute indirectly to land reform, rural development, reduce the negative environmental impact of transport fuel, and reducing our reliance on imported fossil fuels. It therefore, ticks the boxes from a social, economic and environmental point of view. With our economy under distress, tough decisions need to be made and it may be time to look critically at the validity of opposing comments in light of empirical data. -Theo Boshoff, Agbiz head of Legal Intelligence
Published: 06/07/2019
MoreChanges to Amended COGP Gazette 42496
On 31 May 2019 a composite 396-page Government Gazette was published containing dozens of notices and legislative changes from across many different ministries that appears to be an effort to reduce gazetting costs and to dispense with outstanding matters prior to the new cabinet ministers taking over.
Published: 05/07/2019
MoreAgbiz chief economist ranked amongst Top 200 Young South Africans
Agbiz chief economist Wandile Sihlobo was nominated as one of Mail & Guardian's Top 200 Young South Africans. The names of 200 trailblazing young South Africans was announced at a gala event in Sandton.
Published: 05/07/2019
MorePractical steps to make the SONA vision a reality
The State of the Nation address delivered by President Ramaphosa set out five fundamental goals for South Africa. Three of these goals, namely; eliminating hunger, growing the economy faster than the population growth rate and creating 2 million job opportunities, are partially premised on economic growth in the agricultural and agribusiness subsectors. To enable the private sector to grow and create job opportunities, the President stressed the need to improve the ease and speed of doing business. As a business association, this is music to our ears. To get the ball rolling, a few quick-wins are listed that should be prioritised to improve business conditions for the agribusiness sector. - Theo Boshoff, Agbiz head of Legal Intelligence
Published: 28/06/2019
MoreAgbiz’s reaction on the SONA
“In these tough economic times, it was refreshing to hear President Ramaphosa’s recommitment to placing South Africa’s economic growth at the forefront of the sixth administration's agenda,” an Agbiz spokesperson said. “We were also pleased to hear the president’s re-emphasis of the need to implement the National Development Plan (NDP) and the country’s commitment to vision 2030. In this vision, the agricultural value chain plays a crucial role in the growth and stability of rural economies.” Agbiz has long supported and argued for the implementation of Chapter six of the NDP over the past few years as it is the roadmap to inclusive growth in the sector and will address the triple challenges of poverty, unemployment and inequality. - Agbiz media statement issued on 20 June 2019
Published: 21/06/2019
MoreAgbiz responds to the appointment of the Cabinet by President Cyril Ramaphosa
“Agbiz has noted the appointment of the new Cabinet for the sixth Administration of democratic South Africa by President Cyril Ramaphosa today, and in general, welcomes the appointments to key ministries and congratulates the ministers on their appointment. It is, however, the reduction of 36 ministries to 28 that is especially welcomed in order to cut costs but also to ensure greater government coordination and efficiency,” Dr John Purchase, CEO of Agbiz, said today.
Published: 30/05/2019
MoreFinally, some good news for the SA wool industry
The South Africa-China wool trade story is back in the headlines, but this time around in a good way. Nearly two months since the Chinese authorities temporarily suspended wool imports from South Africa because of the foot-and-mouth disease outbreak earlier in the year, the country's authorities issued a notification on 8 May stating that the ban will be lifted that same day. This news was warmly welcomed by Cape Wools SA, stating that the lifting of the ban implies that any scoured wool or mohair could be exported to China, but that the conditions under which greasy wool could be exported, will be subject to World Organisation for Animal Health (OIE) "Safe Commodities" regulations. - Wandile Sihlobo, Agbiz chief economist
Published: 17/05/2019
MoreLand reform talks also on the agenda at agri trade fair
Aside from the robust policy discussions at Nampo, the agricultural machinery role players are likely to be downbeat at this year's event. The drought earlier this year in the central and western parts of South Africa led to reduced plantings, and now expectations are for a lower summer grains harvest. This is likely to weigh on farmers' finances, and thus agricultural machinery sales. In fact, tractor and combine harvester sales figures for the first four months of 2019 were already lower compared with the previous year's performance. - Wandile Sihlobo, Agbiz chief economist *Written for and first published in Business Day
Published: 17/05/2019
MorePublic-private partnerships the key to economic growth
Agbiz CEO Dr John Purchase participated in a live Nation in Conversation panel discussion at Nampo on the importance of public-private partnerships for sustainable economic growth.
Published: 17/05/2019
MoreWhat happens after the elections?
What happens after the 2019 elections? Political commentator, Theo Venter discussed the build-up to the elections as well as possible scenarios that could unfold with Agbiz CEO Dr John Purchase.
Published: 17/05/2019
More