8 April 2022 – WHILE the weather outlook from the South African weather authorities was not favourable for both the planting of winter crops and the harvesting of summer crops and fruits, this was still not something to worry about, according to the Agricultural Business Chamber (Agbiz) chief economist Wandile Sihlobo. “We remain optimistic about […]
Unfavourable Weather Outlook Not A Threat To Planting Of Crops Read More »
7 April 2022 – Global supply chain backlogs are showing no signs of easing and are likely to worsen for the rest of the year, leading to even higher prices of consumer and commercial goods in South Africa, warns Cargo Compass South Africa (SA) CEO Sebastiano Iorio. “At the start of this year we were hopeful that trade bottlenecks
Supply Chain Bottlenecks Here To Stay For 2022, Goods Prices To Rise Sharply Read More »
7 April 2022 – The agricultural sector is an important sector of the South African economy. The important contribution of this sector to the economy of South Africa has also been highlighted by the Covid-19 pandemic, when the sector showed positive growth. The only other sector that also grew was government services (Stats SA 2021)1.
South African Ports Face Log-Jams Ahead Read More »
5 April 2022 – Despite Moody’s raising South Africa’s credit rating to “stable” from “negative”, late on Friday, we start the new week trading relatively flat. Rand update The rand blipped up to R14.70 after the US unemployment number on Friday, before closing at R14.66 on a day that saw the rand trade mainly on
How Have The Markets Reacted To SA’s Credit Rating Going Up? Read More »
The South African Revenue Service (SARS) released trade statistics for February 2022 recording a preliminary trade balance surplus of R10.60 billion. These statistics include trade data with Botswana, Eswatini, Lesotho and Namibia (BELN). The year-to-date (01 January to 28 February 2022) preliminary trade balance surplus of R14.67 billion is a deterioration from the R45.21 billion
South Africa’s Trade Surplus Widens In February Read More »
1 April 2022 – South African exporters have adapted particularly well to the changes in the trade sector that occurred as a result of Covid-19. This is according to Terry Gale, chairman of Exporters’ Club Western Cape. He said trade, as was the case globally, had been impacted heavily by the initial lockdown period. With
2022 Outlook For Exports Is Positive Read More »
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