1 December 2016

As predicted, 2016 has been an extremely challenging and tumultuous year for the agribusiness environment and farmers alike, Agbiz CEO, Dr John Purchase, said last week at a media briefing in Pretoria. Not only did the prevailing drought of the previous years continue its devastation over much of the country, but a declining economy and resultant constrained consumers led to dampened demand and declining output.  Read the media release»
Policy and legislation
DoE reports to Parliament on Nuclear New Build Programme  
T he Department of Energy (DoE) this week presented to the Portfolio Committee on Energy in Parliament on the Nuclear New Build Programme Procurement of 16 Service Providers. The programme is in itself controversial, but it is especially the procurement programme that has been cause for concern. Please click on Nuclear New Build to peruse presentation.
Economic and agribusiness intelligence

Canola seed is a crop experiencing significant growth in South Africa. This particular crop has seen tremendous progression over the past 18 years - from just 17 000 hectares in 1998 to 68 075 hectares in 2016. In line with area plantings, canola seed production increased from 21 000 tons in 1998 to 108 860 tons in 2016. Due to improvement in production practices and technological innovation, yields also grew by 29% - from 1.24 tons per hector to 1.60 tons per hectare within this period.   Agbiz economist, Wandile Sihlobo provides more information in the linked article.  
(This article was first published in Farmer's Weekly)
Daily view on commodity markets

Daily commentaries on agricultural commodity markets and macro-economic trends are available on the Agbiz website  www.agbiz.co.za
International trade and investment intelligence
Africa Agri Investment Indaba

High level agricultural representatives as well as representatives from investment institutions met at the Africa Agri Investment Indaba held this week in Cape Town.  The indaba was organised by the African Agri Council.  Dr John Purchase, CEO of Agbiz participated in a panel discussion on specific legal and policy-related challenges faced by agribusinesses wishing to deploy capital in the sector. Read more»

Find Moneyweb interview with Dr Purchase  linked»
Members' news
Unyati Distinguished Wildlife and GWK will be joining forces in hosting the renowned Unyati Distinguished Wildlife 2017 Auction. The auction will take place on 20 May 2017 at Unyati's newly developed auction venue near Kimberley in the Northern Cape Province.   Media release»
Industry news
Correction: SA has not suspended Bovine Brucellosis Testing for Export of Cattle from Namibia
South Africa's import requirements with regards to TB testing were discussed and clarified. South Africa has NOT suspended its import requirements for TB for cattle coming in for feedlotting or slaughter.   Media release»
Talk of a possible downgrade of the investment grade status of South Africa's sovereign bonds remained high on the agenda of the public debate throughout 2016. Despite the recent decision by the large ratings agencies not to downgrade the country's debt, several economists have warned that 2017 may present new challenges in the battle to retain investment grade status.  Dr Roelof Botha, Adjunct Faculty, GIBS provides more information in the linked document.  Also linked find Dr Botha's presentation on the status of South Africa's foreign exchange-denominated sovereign bonds(pros & cons).
Find Werksmans Tax E-Bulletin linked»
Find MASDT newsletter  linked»
Upcoming Events
Water & Climate Congress
22 - 24 March 2017

Annual Road Transport Legislation Workshop 
23 May 2017 - Stellenbosch
25 May 2017 - Durban 
8 June 2017 - Pretoria 

International Conference on Global Food Security
8-11 October 2017 | Cape Town  International Convention Centre, 
Conference Theme: Food Security: Global challenges, local solutions
Agribusiness Centenary Bursary

Agbiz is making available an annual bursary to a South African student registered for a Masters or PhD degree in either agricultural economics or agribusiness management related fields. The application deadline is 9 December 2016.  More information»
Social Media
Follow Agbiz on Facebook and Twitter

Be sure to follow Agbiz on Twitter and Facebook for the latest industry news and events.
In this newsletter