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Agriculture Investment

  • President Cyril Ramaphosa declared an end to South Africa's proverbial 'investment strike', when he unveiled firm investment commitments of R209-billion across a diverse range of sectors, from mining and energy to infrastructure and manufacturing, at a well attended and vibrant investment conference.

  • In the 2018 year South African growers packed an all-time record of 16.4 million cartons of 17kgs each of grapefruit for export, end-of-season numbers from the Citrus Growers Association (CGA)show.

  • South Africa’s land expropriation debate continues to roil everyone from farmers to foreign investors and financial institutions. What has the government done to address land reform?  

  • Cotton is mostly grown in monoculture and is a very pesticide-intensive crop. Although it is only grown on 2.5% of the world’s agricultural land, it consumes 16% of all the insecticides and 6,8% of all herbicides used worldwide.

  • It’s easy to get mopey and depressed when you read the papers. Violent crime. Rampant corruption. Failing education. Weakening Rand.

  • In 2017, South African agricultural exports grew past US$10.0 billion for the first time, boosted by growth in exports of edible fruits, beverages, spirits, vegetables, grains and other agricultural products. This is a 15 percent increase from 2016 – a year that was characterised by El Nino induced drought.

  • South Africa’s summer crops could have a good start of the season as the weather forecasts for the next two weeks show prospects of rainfall over most parts of the country.

  • South Africa and neighbouring Namibia met to share notes, best practice and common interest in rural development and land reform.

  • A plan to expropriate land without compensation will benefit a small number of citizens if successfully implemented but will be disastrous for most people if it goes awry, the Institute of Race Relations warned.

  • The benefits of improvements in the Western Cape’s weather conditions are evident in the third quarter agricultural jobs data, which boosted the overall sectoral employment by 3% y/y to 842 000 jobs.

  • Admittedly, it is too early to tell how most Southern African countries will cope with the expected weak El Niño in the summer season.

  • "Employment opportunities in agriculture will dramatically decrease over the next decade due to the abnormal outflow of labour that can be attributed to the extreme economic pressure on the agricultural industry, the new unprecedented technological development deriving from the fourth industrial revolution in the world and the expropriation of land without compensation," says Fanie Brink, an independent agricultural economist.

  • Between October and February, which is typically planting to pollination, the weather becomes an important factor in the South African grains and oilseeds market and, to some extent, a major driver of prices.

  • Thundershowers expected during the week, especially over the eastern parts where a possibility exists for storms to become severe. Dry and sunny conditions will return over the whole country by the weekend.

  • The Endangered Wildlife Trust (EWT) has released its 2017/2018 integrated report which, for the first time, is supplemented by additional digital content about the organisation’s work. CEO Yolan Friedmann has penned an insightful opener, addressing the issues surrounding illegal wildlife trade.

  • In the Langkloof most topfruit orchards have finished flowering and growers are in the process of fruit thinning. Their dams are full and yet the new season has brought an unwelcome irony: a year ago, Langkloof dams were 30% full and the nearby Kouga Dam 12.6% full (later dropping to a mere 6%), but there were no water restrictions on Langkloof fruit producers.

  • SA poultry farmers must raise their efficiency to compete, says Ted McKinney, undersecretary for trade and foreign agricultural affairs in the US agriculture department.

  • The impact that the South African agricultural sector has on the economy, is far greater than just its contribution to the country’s gross domestic product (GDP) and also has a major impact on unemployment figures, particularly in rural areas.

  • Between the end of the Canadian cherry season and the start of the Chilean season, at the beginning of October, there is a period of about two to three weeks when the UK market has no other cherry supplier than South Africa.

  • October’s sales figures were also the highest monthly total in the past three years, since October 2015.

    Of the total vehicle sales, 74.1% represented dealer sales, 20.2% represented sales to the vehicle rental industry, 3.2% to government and 2.5% to industry corporate fleets.

    The South African economy continued to experience difficult conditions with consumers’ disposable income remaining under pressure. Continued weakness in the latest Purchasing Managers’ Indices and the Reserve Bank’s Leading Indicator suggested that business conditions would probably remain difficult over the short term.

    On the positive side, new-vehicle affordability had continued to improve with new car price inflation remaining well below the Consumer Price Index for the past 15 months.

    Automotive companies were also offering attractive sales incentives.

    Naamsa noted that export sales had also registered strong gains, in line with industry expectations. The 34 134 vehicles exported represented a 20.9% year-on-year improvement.

    The association said vehicle exports remain a function of the direction of the global economy which continues to reflect fairly robust growth despite rising protectionism and trade disputes.

    The momentum of export sales had increased over the past few months and, taking into account relatively strong order books reported by most vehicle exporters, exports should improve further and reflect strong upward momentum in 2019 and subsequent years.

    The projection of industry export sales for 2019 was at 385 000 export units compared with an estimated figure of about 340 000 for 2018.


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