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Farming Economics News

Astral’s revenue increases on the back of improved poultry division sales

By: Donna Slater     15th November 2021 Poultry producer Astral Foods reports that, despite challenges, its revenue increased by 13.9% year-on-year to R15.9-billion for the year ended September 30, with its poultry division contributing 81%, its feed division 17% and its other Africa division 2% of overall external revenue. The higher... 

Agri SA hopes MTBPS will help address structural, SOE challenges

By: Schalk Burger     10th November 2021 Agricultural industry organisation Agri SA says the Medium Term Budget Policy Statement (MTBPS) to be delivered by Finance Minister Enoch Godongwana on November 11 should address structural challenges, including sentiments around State-owned enterprises (SOEs) and if there are any unbudgeted... 

Immediate power restoration to Joburg market critical for food safety, says Agri SA

By: Schalk Burger     29th October 2021 The lack of electricity at the Johannesburg market since October 26 owing to cable theft is having a disastrous impact on the quality and safety of agricultural products, agricultural industry organisation Agri SA executive director Christo van der Rheede said on October 29. “During power... 

Business in Africa has to deal with greater compliance demands

By: Darren Parker     29th October 2021 African governments are demanding greater levels of compliance from businesses, which has resulted in a noticeable increase in red tape and bureaucracy owing to poor execution by officials, says consulting engineering and scientist firm SRK Consulting South Africa MD Vis Reddy. Among its... 

A photo of SRK Consulting South Africa MD Vis Reddy
VIS REDDY SRK Consulting expects the growth in agriculture to bring its own set of impacts on resources, such as water

Food inflation in September again higher than expected, reports research body

By: Rebecca Campbell     22nd October 2021 The Bureau for Food and Agricultural Policy (BFAP) has reported that food inflation in South Africa last month was higher than expected, at 6.6% year-on-year. Food inflation contributed 1.1 percentage points to the consumer price index headline inflation figure of 5% for the month. On the other... 

Headwinds mounting for world economy into final stretch of 2021

By: Bloomberg     4th October 2021 The global economy is entering the final quarter of 2021 with a mounting number of headwinds threatening to slow the recovery from the pandemic recession and prove policy makers’ benign views on inflation wrong. The spreading delta variant continues to disrupt schools and workplaces. US lawmakers... 

Panel discusses ‘sustainable food’ in Africa 

By: Marleny Arnoldi     23rd September 2021 Africa’s food systems are at cross-roads, faced with the pressure of producing more for a growing population, while also tackling increasing levels of malnutrition. Taking place a few days before the United Nations Food Systems Summit as part of the Decade of Action to achieve the Sustainable... 

Image of panel of speakers
Experts unpack hindrances to food security in Africa

Research group reports low level of market concentration in SA agriculture

By: Rebecca Campbell     21st September 2021 In a recent brief report, the Bureau for Food and Agricultural Policy (BFAP) pointed out that, according to the available data, the agricultural sector was one of the South African economy’s least concentrated sectors. And while agro-processing was much more concentrated that agriculture itself,... 

Global citrus demand increases refrigeration demand

By: Halima Frost     17th September 2021 A global increase in demand for South African-grown citrus, as well as more export regulations, has resulted in a substantial increase in demand for refrigeration capacity, says local refrigeration manufacturer EP Refrigeration business development head Dawie Kriel. “We not only need to add... 

A roof top refrigeration system installed by EP Refrigeration at a produce packing house
FRUITFUL SERVICES An increased need for refrigerated storage and transport capacity in the citrus sector is being addressed by EP Refrigeration

Study confirms low enviro impact dairy farming equals higher profitability

By: Marleny Arnoldi     1st September 2021 Agricultural sustainability company Trace & Save has reaffirmed in a case study that a lower environmental impact is directly linked with higher profitability in the South African dairy farming industry. The company, in partnership with Nedbank and the World Wide Fund for Nature South Africa... 

Milk bottles

Doubling the sugar tax will result in thousands more rural job losses, report states

By: Simone Liedtke     1st September 2021 A report commissioned by the National Economic Development and Labour Council shows that, in the first year of the sugar tax’s implementation, there were 16 621 job losses across the industry, of which 9 000 job losses were in the cane growing sector alone. The South African (SA) Canegrowers... 

Pic/Image of Coke Can Lid.

Association welcomes renewal of poultry anti-dumping duties 

By: Simone Liedtke     26th August 2021 The South African Poultry Association (Sapa) has welcomed the renewal of anti-dumping duties on imports of bone-in chicken from Germany, the Netherlands and the United Kingdom (UK). The determination was issued by the independent International Trade Administration Commission of South Africa... 

Agri SA concerned about skilled workforce decline despite employment gains in Q2

By: Marleny Arnoldi     25th August 2021 The agricultural sector was one of few that observed employment gains over the second quarter of this year, adding 69 000 people to its combined workforce, but industry body Agri SA remains concerned about a decline in the skilled workforce in the sector. The employment gains were recorded across... 

Increased interest in temporary employment services

By: Darren Parker     6th August 2021 More of human capital solutions provider Workforce’s agricultural clients are agreeing to the value that Workforce Staffing – a temporary employment service provider subsidiary of Workforce – can bring to the table. Workforce Africa MD Darren Hollander tells Engineering News that compliance... 

A photograph of Workforce Africa MD Darren Hollander
DARREN HOLLANDER In the agriculture sector, which mostly requires unskilled labour, not enough is being done to upskill workers

Draft mandate clarifies TWG’s directive

By: Nadine Ramdass     16th July 2021 The mandate document submitted by the agricultural and agroprocessing sector’s Technical Working Group (TWG), clarifies the core mandates of the sector’s group. This is in line with the Sustainable Infrastructure Development System (SIDS) objectives of facilitating sustainable development. The... 

Long-term sector growth can increase exports
LAUNCH OF GRAIN EXPORT Long-term sector growth can increase exports

South Africa unrest hits farming, threatens food supply

By: Reuters     13th July 2021 South African farmers have been hit by days of unrest and looting as trucks carrying produce are prevented from delivering to markets, threatening food supplies, industry officials said. Crowds have this week clashed with police and ransacked shopping malls, with dozens reported killed as... 

Illovo, Jobs Fund project benefitting community  

23rd June 2021 Four years in, the Small-Scale Grower Cane Development project has recorded notable successes, with over 860 sustainable jobs created and 3 000 ha of cane developed on communal land owned by small-scale growers. Tasneem Bulbulia elaborates. 

Illovo, Jobs Fund project benefitting community
Illovo, Jobs Fund project benefitting community

Localisation of equipment promotes price stability

By: Nadine Ramdass     18th June 2021 Rand volatility has a big impact on projects that require imported biogas equipment ,however the localisation of some equipment can help the biogas industry gain some stability, says organic waste solutions company Logical Waste director Jason Gifford. It was a good time to import equipment over... 

The right equipment is a key aspect for successful projects
BIO-PELLETS FUEL IN A BOILER The right equipment is a key aspect for successful projects

Agri confidence reaches all time high of 75

By: Marleny Arnoldi     14th June 2021 It has been quite some time since South Africa’s agricultural sector has had as good a season as the current one, Agricultural Business Chamber (Agbiz) states in the latest Agbiz/Industrial Development Corporation Agribusiness Confidence Index (ACI). The index reached a record high of 75 in the... 

Agri confidence reaches all time high of 75

Agriculture remains a star performer in the economy, but still needs govt support  

By: Marleny Arnoldi     3rd June 2021 Agriculture’s contribution to gross domestic product (GDP) and employment is often underrated in South Africa, which particularly came to the fore at the height of the Covid-19 pandemic last year, says Bureau for Food and Agricultural Policy (BFAP). During a Nedbank-hosted webinar on the... 

Agriculture remains a star performer in the economy, but still needs govt support
BFAP commodity markets manager Dr Tracy Davids discusses agri's performance in 2020

Sugar Masterplan starting to uplift industry – DTIC

By: Donna Slater     12th May 2021 The South African sugarcane industry has experienced a sharp decline in revenue and production in recent years, mainly as a result of cheap sugar imports that have flooded the local sugar market, as well as the Health Promotion Levy (HPL) or so-called sugar tax, that is threatening its future... 

Sugar Masterplan starting to uplift industry – DTIC

Potatoes South Africa calls for more partnerships between commercial, small-scale producers

By: Marleny Arnoldi     6th May 2021 Despite having proved resilience last year by producing 2.6-million tonnes, the South African potato industry is appealing to stakeholders to form more partnerships to drive growth and transformation. Potatoes South Africa (PSA) CEO Willie Jacobs highlights that the potato helped ensure food... 

Potatoes South Africa calls for more partnerships between commercial, small-scale producers

Insurance programme for Madagascar farmers to help build resilience, productivity

By: Schalk Burger     5th May 2021 Madagascar’s farmers stand to build stronger climate resilience, increase productivity and more easily access financial services owing to an agricultural insurance programme announced on May 5 by international financial institution the International Finance Corporation (IFC) and the government of... 

RMB concerned at rising food costs

By: Marleny Arnoldi     3rd May 2021 Rand Merchant Bank (RMB) says rapidly rising agricultural producer price inflation poses a conundrum for food manufacturers about whether to absorb these cost increases or pass them on to already financially constrained consumers. The bank’s commentary follows figures released in the Producer... 

No new outbreaks of highly pathogenic avian influence, says association

By: Simone Liedtke     30th April 2021 Although no new outbreaks of avian influenza have been reported since the previously confirmed cases, South Africa’s poultry and ostrich industries remain under national high alert with strict biosecurity measures in place. An appeal has also been made to hobbyist keepers of any birds, including... 

Saai, Neasa ink partnership to improve labour relations in the agriculture sector

By: Simone Liedtke     22nd April 2021 Family farming organisation Saai and employers’ organisation the National Employers Association of South Africa (Neasa) on April 22 signed a partnership agreement to bridge labour issues in the agriculture sector and to assist farmers with labour problems, as well as influencing policy-making.... 

Saai chairperson Dr Theo de Jager and Neasa CE Gerhard Papenfus
Saai chairperson Dr Theo de Jager and Neasa CE Gerhard Papenfus

South Africa makes progress on geographical indications to support rural, agricultural development

By: Schalk Burger     20th April 2021 South Africa is making progress on developing legal and regulatory frameworks for geographical indications (GI), which are designations for products that are linked to a region of origin and that have associated qualities. GI has been proven to enable producers to secure better prices for... 

Two Wits students focus on agritech for cannabis industry

By: Creamer Media Reporter      1st April 2021 Two master’s students at the University of Witwatersrand (Wits), Constant Beckerling and Anlo van Wyk, are developing new technologies aimed at disrupting the booming cannabis, or so called ‘green gold’, industry. Their novel cannabis cultivation technologies, developed for the African climate,... 

Constant Beckerling and Anlo van Wyk
Constant Beckerling and Anlo van Wyk

Biogas holds great power generation potential

By: Halima Frost     19th March 2021 South Africa has the potential to generate upwards of 10 000 MW of power if it were to harness and capitalise on all biogas opportunities, however, the greatest challenge is not a lack of capacity but more the lack of market opportunity, says Southern African Biogas Industry Association (Sabia)... 

Biogas has the potential to contribute significantly to the power mix in South Africa and globally
POWER-TENTIAL Biogas has the potential to contribute significantly to the power mix in South Africa and globally

South Africa launches fund to boost Black farming

By: Reuters     18th March 2021 South Africa has set up a R5-billion fund to help Black farmers gain access to capital and boost their role in commercial agriculture, state-owned Industrial Development Corporation and the government said on Thursday. The joint Agri-Industrial Fund is aimed at easing the funding constraints and... 

South Africa launches fund to boost Black farming

South Africa sets up R1bn fund to assist black farmers 

By: Bloomberg     18th March 2021 South Africa announced the establishment of a R1-billionfund to help small-scale Black farmers enter commercial agricultural production. The Department of Agriculture will provide money and it will be run by the Industrial Development Corp., a state-owned development bank. The IDC will also... 

Sugar Master Plan contributing to industry’s growth – Patel

By: Donna Slater     15th March 2021 Trade, Industry and Competition Minister Ebrahim Patel last week told farmers, millers, retailers, food producers and trade unions that the implementation of the Sugar Master Plan is resulting in signs of growth during a virtual briefing. Detailing the progress in implementing the master plan,... 

Motsepe Foundation's agricultural development project working towards sustainable land reform

By: Schalk Burger     12th March 2021 Sustainable agricultural development and land reform is hobbled because of the challenge to acquire and provide title deeds and other land security, which makes it difficult for banking and other financial institutions to partner, co-fund and finance agriculture and land reform projects, the... 

Amie says antidumping duties will cost consumers  

By: Marleny Arnoldi     8th March 2021 While many organisations have advocated for antidumping duties on chicken imported from certain countries, the Association of Meat Importers and Exporters (Amie) has questioned why the local industry pursues protectionism despite the increases in prices to the consumer. The association explains... 

Amie says antidumping duties will cost consumers

Resilience, natural resources become key as global food security deteriorates slightly

By: Schalk Burger     5th March 2021 The Global Food Security Index (GFSI) showed a deterioration for the second year in a row in 2020, with the affordability, quality and safety, and natural resources and resilience categories deteriorating, with only the availability category showing marginal improvement, says economic research... 

Poultry Master Plan benefiting industry, says Sapa

By: Donna Slater     26th February 2021 The Poultry Master Plan, as implemented by the Department of Trade, Industry and Competition (DTIC), is propelling new entrants and emerging role-players in the industry to build their businesses and expand markets, according to South African Poultry Association broiler organisation GM Isaak... 

R7bn allocated for Land Bank recapitalisation

By: Tasneem Bulbulia     24th February 2021 The Land and Agricultural Development Bank of South Africa (Land Bank), which defaulted on its debt obligations on April 1, 2020, and is renegotiating it repayment terms, will receive R7-billion in recapitalisation over the medium term to put it on a stable and sustainable development path, the... 

R7bn allocated for Land Bank recapitalisation
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