A lengthier recession awaits if we don't take drastic measures to save the economy in a Covid-19 world, writes Mbhazima Shilowa.
High level clouds. Warm.
Wandile Sihlobo is more optimistic than a few weeks ago, he writes.
Hardships due to Zimbabwe's poor maize harvest are exacerbated by unstable economic conditions in the country, says Agbiz economist Wandile Sihlobo.
The issue of confidence comes up over and over again when talking about investment in the agricultural sector, says the agricultural economist.
The SA beef industry has made inroads into new export markets, says Wandile Sihlobo.
Tampering with property rights is sure to divert potential investment away from the agro-food sector and lead to food price hikes, say agricultural bodies.
The outlook on food inflation will not change significantly in the near to medium term, because of the buffer of large stocks, an agriculture economist believed.
Agriculture received relatively little attention in Finance Minister Malusi Gigaba’s mini budget, according to Agri SA.
SA could reap the benefits of higher agricultural output this year following good summer rainfall across the country, says the Agricultural Business Chamber,
The Crop Estimate Committee has upped its forecast to 1.34 million tonnes – making this season’s crop the largest on record, according to Agbiz.
Sugar, milk and meat inflation could remain at relatively higher levels, according to agricultural economist Wandile Sihlobo.
Wandile Sihlobo considers what could impact the contents of your food basket.
The Land Claims Court has in essence confirmed that a valuation by the Valuer-General would not replace the role of the courts when compensation for expropriation is calculated, says the Agricultural Business Chamber.
Research estimates that unused state-owned land parcels in SA suitable for redistribution amount to around 60% the size of the Kruger National Park.
SA is traditionally a net importer of wheat, but the Western Cape drought resulted in an increase in wheat imports to the second-highest level on record, says Agbiz.
The ANC's policy decision on land expropriation without compensation could result in four possible outcomes, say researchers at the Agricultural Business Chamber.
The combined agricultural job cuts for the first three quarters of 2017 has reached 109 000, of which about 84% were in the Western Cape.
Expropriation of land without compensation will not only affect farmers or those in rural areas, but could snowball into a situation that touches all South Africans, says an industry insider.
Overall, South Africa is in a comfortable position regarding food production, according to Wandile Sihlobo, head of agribusiness intelligence at Agbiz.
SA is facing stiff maize export competition, warns Wandile Sihlobo, head of economic and agribusiness intelligence at the Agricultural Business Chamber.
From an agribusiness perspective, Budget 2017 came against the backdrop of high food price inflation and a recent positive upturn in agribusiness confidence.
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