14 June 2019
The global economy: heightened tensions, subdued growth

The global economy has slowed to its lowest pace in three years. It is on track to stabilise, but its momentum is fragile and subject to substantial risks the World Bank's June 2019 Global Economic Prospects: Heightened Tensions, Subdued Investments reports. International trade and investment have been weaker than expected at the start of the year, and economic activity in major advanced economies, particularly the Euro Area, and some large emerging markets and developing economies has been softer than previously anticipated. Growth in the emerging and developing world is expected to pick up next year as the turbulence and uncertainty that afflicted a number of countries late last year and this year recedes. Please click here to download the report.
Agbiz/IDC Agribusiness Confidence Index weakened in Q2, 2019

Following a marginal improvement in the Agbiz/IDC Agribusiness Confidence Index to 46 in the first quarter of this year, sentiment fell back in the second quarter to 44. A level below the neutral 50-point mark implies that agribusinesses are still downbeat about business conditions in South Africa. The survey was conducted between 27 May and 6 June 2019 and comprised agribusinesses operating in all agricultural subsectors across South Africa. Please click here to peruse the full media statement.  Agbiz CEO Dr John Purchase discussed the confidence levels in the agricultural sector in the second quarter in the linked interview on RSG.  
Climate change is causing observable disruptions to agriculture

We are currently witnessing the impact of climate change on the agricultural sector, both on the local and global fronts. These effects will probably intensify in future. Last week, Stats SA presented a gloomier-than-expected picture of the South African agricultural economy, which contracted on a quarter-on-quarter basis by a seasonally adjusted and annualised rate of 13.2%. As tempting as it was for some among us to attribute this to a decline in agricultural investment due to policy uncertainty, this was not the case, states Agbiz chief economist Wandile Sihlobo in the linked article written for and first published in Business Day.
SA agricultural machinery sales remain subdued

This has not been a good year for South Africa's agricultural machinery market. Tractor and combine harvester sales have been subdued since January. Nevertheless, this is unsurprising owing to a combination of factors. First, there were robust sales in 2018, which implies that the rate of replacement will likely be down this year. Second, the reduction in summer grains and oilseeds plantings due to unfavourable weather conditions have also contributed to the poor agricultural machinery sales this year as it weighs on farmers' finances. Lastly, the relatively weaker domestic currency to the US dollar might have also influenced the farmers purchasing decisions. Wandile Sihlobo elaborates in the linked article.
First shipment of citrus in breakbulk vessel arrives in China

The Baltic Summer reefer vessel carrying citrus from South Africa to the People's Republic of China had arrived at Shanghai Port on 10 June 2019. The historic shipment of 5 200 tonnes of citrus in a breakbulk vessel was launched on 6 May 2019 at Maydon Wharf Port in Durban. The reefer vessel was cleared upon arrival without any sanitary and phytosanitary challenges.  The South African Consul General, Mpho Hlahla and DAFF attaché to the People's Republic of China, Mashudu Silimela were present to welcome and receive the vessel.  Press release
Western Cape teachers exposed to careers in the agricultural sector

Close to 100 teachers throughout the Western Cape attended the Teachers' Recognition Lunch on 6 June 2019 in Stellenbosch that was hosted by PMA Southern Africa and the Faculty of AgriSciences at Stellenbosch University (SU). The Teachers' Recognition Lunch forms part of the local Center for Growing Talent (CGT) by PMA programmes funded by AgriSETA. Press release.
Sponsored training programme in Thailand on diversified farming practices

The Department of Agriculture Forestry and Fisheries received an invitation to participate in an international training programme that will take place from 6 to 27 November 2019 at the Center for Agricultural Resource System (CARSR) in Thailand. The training course aims to share Thailand's knowledge and experience in implementing diversified farming and practice for sustainable food production. The department  requests organisations to nominate eligible candidates to participate in the training. The Thailand International Cooperation Agency (TICA) pays for return airfare economy class from the OR Tambo International Airport, training fees, accommodation during the training in Thailand, allowance, travel insurance and airport transfer.  The deadline for submission of completed application forms is on 26 July 2019. More information
Latest news from Vinpro

The June edition of Vinpro News is jam-packed with valuable information and news in the wine industry. Please click here to peruse.
Get the latest news from Potatoes SA

Record potato harvests were realised in 2015, 2017 and 2018, compared to other years. Read more about this and other news in the potato industry in the June edition of Potato SA's newsletter.
News from MASDT

Please click here  for MASDT's May newsletter.
Subtrop Transformation Summit 2019
19 June 2019 | Ingwenyama Conference & Sports Resort | White River

Agritec Africa
19-21 June 2019 | Kenyatta International Conference & Convention Center (KICC), Nairobi  | Kenya

Trade Development Forum
24-25 June 2019 | Gallagher Convention Centre | Johannesburg

2019 Cannabis Conference
Theme: The big business of cannabis
27-28 June 2019 | Emperors Palace Convention Centre Johannesburg
More information

13th Agribusiness Africa Conference 
10 July 2019 Premier Hotel | OR Tambo Airport
More information

PMA Fresh Connections: SA Conference and Trade Show  
30-31 July 2019 | Century City | Cape Town

Emerging Farmers and Agro Processing Conference 2019
30-31 July 2019 | CSIR International Convention Centre | Pretoria

Agbiz Grain 2019 Symposium 
14 August 2019  |  CSIR International Convention Centre | Pretoria

First African Conference on Edible Insects
14-16 August 2019  | Harare | Zimbabwe

Peritum Agri-HR Summit 2019
21-22 August 2019 Bloemfontein

ARC Agri Indaba
29-30 August 2019 | Animal Production Campus Irene | Pretoria

Agritech Africa
17-19  June 2020 | Cape Town International Convention Centre  | Cape Town
Why join Agbiz?
  • Agbiz is the only organisation that serves the broader and common over-arching business interests of agribusinesses in South Africa.
  • Agbiz addresses the legislative and policy environment on the many fronts that it impacts on the agribusiness environment.
  • Agbiz facilitates considerable top-level networking opportunities so that South African agribusinesses can play an active and creative role within the local and international organised business environment.
  • Agbiz research provides sector-specific information for informed decision-making.
  • Agbiz newsletter publishes members' press releases and member product announcements.

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