November 2023

16 November 2023 – Amid fears that South Africa could once again look to countries like Brazil for egg imports as the current bird flu outbreak continues to cause havoc in the chicken sector, the SA Poultry Association (Sapa) recommends turning to member countries of the Southern African Development Community (SADC). Commenting on the current […]

15 November 2023 – The South African wine harvest that concluded in April was 10% smaller than last year due to climatic conditions, according to South Africa Wine CEO Ricco Basson. Basson said while the sector had clear climatic risks and mitigation strategies combined with technical expertise, there was often still an impact. “Further to

14 November 2023 – According to a Global Insolvency Report released by Allianz Trade, after a small rebound in 2022 (+1%), global insolvencies are set to jump by +6% in 2023 and +10% in 2024. South Africa’s economic resilience: insolvencies show promising decline Economic resilience has been tested and remains a feature of South Africa, which

13 November 2023 – He said that continuous innovation at farm level in combination with excellent conditions during winter could tip scales in favour of producers in 2024, with informed decision-making and agility to harness the full potential of the season now being of key importance. According to feedback compiled by the industry bodies Vinpro

10 November 2023 – On the plus side, the Agbiz/IDC Agribusiness Confidence Index rebounded by 6 points to reach 50 in the third quarter, after having remained below the 50-point mark for three consecutive quarters. This suggests that agribusinesses are adapting to long-standing challenges such as deteriorating infrastructure, failing municipalities, intensified geopolitical tensions, and persistent

9 November 2023 – South Africa’s freight and logistics market is expected to grow rapidly in the coming years, driven by the growth of e-commerce and development in outlying areas. The market is expected to contribute $21.53bn to the economy in 2023, while online retail sales are expected to contribute more than double that amount

8 November 2023 – The directive, published in the Government Gazette early in October, came from the Minister of Trade Industry and Competition, Ebrahim Patel, in an attempt to prevent a possible shortage of chicken because of the highly pathogenic avian influenza (HPAI) outbreak in South Africa. The directive called for an expedited investigation into

7 November 2023 – The Citrus Growers’ Association of Southern Africa (CGA) has called on Finance Minister Enoch Godongwana to prioritise Transnet’s financial recovery in the Medium-Term Budget Policy Statement he presents on November 1. While other stakeholders such as North-West University Business School Professor Raymond Parsons and Nedbank have bemoaned the fact that the

6 November 2023 – South Africa recorded a preliminary trade balance surplus of R13.1 billion in September 2023. This surplus is attributable to exports of R174.65 billion and imports of R161.51 billion, inclusive of trade with Botswana, Eswatini, Lesotho and Namibia (BELN). The year-to-date (01 January to 30 September 2023) preliminary trade balance surplus of

2 November 2023 – Of the R10.5 billion in profit made annually through wine exports to 125 countries, “the US is one of the highest value-generating destinations with exports to the value of R798 million in 2022,” says SA Wine. That’s why, claims the sector collective, “South Africa’s trade relationship with the US is extremely