12
e-Newsletter
05/18
9 February 2018
POLICY AND LEGISLATION
During the ANC's 54th National Elective conference in December 2017, it was announced that a decision has been made to amend the constitution to allow for land expropriation without compensation, provided that it is sustainable and does not harm the financial sector or food security. In the absence of a policy paper or explanatory memorandum, it remains unknown how the party intends to give effect to these seemingly competing interests. In order to stimulate public debate around the issue, researchers from Agbiz have attempted to unpack the possible modalities of the announcement by using a scenario-based approach. The  document linked  is for discussion purposes only and does not in any way represent the views or positions of Agbiz, but are merely meant to stimulate discussion on the topic.
ECONOMIC INTELLIGENCE

After the solid performance of 19% y/y increase in December 2017, the South African tractor sales were again up by 10% y/y in January 2018, with 527 units sold. This was somewhat surprising given that the area planted with summer crops declined in the 2017/18 production year. With that said, we believe that the uptick was due to a fairly stronger domestic currency, as well as late plantings in the western parts of the country. As expected, the combine harvester sales fell by 50% y/y with only 8 units sold, due to reduced activity and poor yields in the winter crop growing areas. Wandile Sihlobo, Agbiz economist provides more information in the  linked update»

"The biggest agricultural story in South Africa in the last week of January 2018 was the release of the preliminary summer crop-planting estimates," writes Wandile Sihlobo, Agbiz economist in an article published  in the HuffPost. "This is an important data print. It signals the potential size of South Africa's grain and oilseed production for a particular season, and therefore has a direct impact on all South Africans in terms of our national food supplies." - Read more»

Click here to read the daily market view on commodities and the weekly wrap.  
INTERNATIONAL TRADE AND INVESTMENT INTEL
South Africa remains a net exporter of aggregate food but increasingly loosing competitiveness on strategic tariff lines 

South Africa's agriculture, forestry and fisheries achieved a positive trade balance of R44.3 billion in 2017, largely driven by 1.9 percent growth in aggregate exports as compared to the previous year. Europe and Africa continued to be the largest destination markets for agricultural exports, collectively absorbing 70.5 percent of total exports in 2017, measured in value terms. During the same time imports slowed by 3.9 percent due to a 24.7 percent decline in imports originating from American countries. Sifiso Ntombela,  Trade economist and Agbiz Head: International Trade and Investment, provides more information in the linked article»
OTHER NEWS
- www.bloomberg.com
Louis Dreyfus Co. , one of the world's biggest foodstuffs traders, teamed up with Dutch and French banks in December for what it says is the first agricultural commodity trade to use the ledger-based digital technology known as blockchain. For blockchain to succeed in helping traders cut costs and deal times, however, industrywide adoption of standardized platforms and systems will be needed. That's why banks are teaming with the biggest trading houses such as LDC on early blockchain tests.   Read more»
UPCOMING EVENTS
2 018 Agbiz Congress - Early bird registration now open
We are very excited about the level of enthusiasm we have received from sponsors and attendees for the 2018 Agbiz Congress, which will be held at the Boardwalk Convention Center in Port Elizabeth on 7 and 8 June 2018. The congress provides excellent opportunities for networking, meeting new people, and making contacts alongside the more formal presentations.

IMPORTANT DATES
Agbiz Congress: 7-8 June 2018
Welcome Function: 6 June 2018
Gala Dinner: 7 June 2018
Agbiz AGM: 8 June 2018

The congress theme is: Uncertainty Creates Opportunity. We encourage you to visit the congress website regularly for updates. To obtain more information, please  click here»

SPONSORS:   All our sponsors are important to the success of this prestigious event.  Please  click here  to see who our confirmed congress sponsors are.
 
DELEGATE REGISTRATION:   Click here to register»
Enquiries:   Natasha Swanepoel
+27 12 807 6686 or  natasha@agbiz.co.za

MEDIA REGISTRATION: 
Enquiries:  Jennifer Roets
+27 12 807 6686 or  jennifer@agbiz.co.za
Intellectual Property and South African Seed Legislation Workshop
13 February 2018 | Pretoria 
15 February 2018 |Cape Town

Skills Development Summit
15-16 February 2018 | CSIR | Pretoria

SABS workshops in developing a National Standards Development Agreement (SDA) for the Agro-processing Sector
Africa Energy Indaba Conference & Exhibition
20 - 21 February 2018  I  Sandton Convention Centre

Agbiz AgriBEE Information Session
21 February 2018 - Pretoria
22 February 2018 - Cape Town

Agbiz Information Session
1 March 2018 | Pretoria
More information will follow soon

Glenconnor Agricultural Association Agri Info Day
14 March 2018 | Mayogi Bomas, R75 onroute to Kirkwood

Undercover Farming Expo
7-8 March 2018 | CSIR | Pretoria
Enquiries: suzanne@pop.co.za

Landbouweekblad konferensie
Herlewingslandbou is boere se kostedoeltreffende wapen teen stygende insetkoste en klimaatsverandering
19-20 March 2017 | Reitz

GOSA Symposium 2018
22-23 March 2018 | Mossel Bay
More information

International Sorghum Conference 
9-12 April 2018 | Cape Town
More information

FERTASA Annual Congress
19 April 2018
Premier Hotel OR Tambo | Johannesburg
15- 8 May 2017 | Bothaville 
More information

21 to 25 May 2018
The Academy of Science of South Africa (ASSAf), The World Academy of Sciences Regional Office for sub-Saharan Africa (TWAS-ROSSA) and the American Association for the Advancement of Science (AAAS) are seeking candidates to participate in the inaugural regional training workshop on science diplomacy to be held in South Africa.  More information

World Potato Congress
27-31 May 2018 | Peru | South America

FW Agribusiness Africa Conference
18-19 July 2018 | Emperors Palace
Enquiries: Marianna du Plessis, e-mail  africa@caxton.co.za
Agbiz membership
Being a member of Agbiz provides various benefits and opportunities

- 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.


Third-party website links to this newsletter
The Agbiz Newsletter may contain a few links to websites that belong to third parties unrelated to us.  By making these links available, we are not endorsing third-party websites, their content, products, services or their events.  Agbiz seeks to protect the integrity of its newsletter and links placed upon it, and therefore welcomes any feedback.
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