Top500: South Africa's Best Managed Companies - 11th Edition

Page 76

Breaking new ground South Africa’s agricultural sector is growing BY FIONA WAKELIN

Two years ago, the South African agriculture sector

had been shrinking for four consecutive quarters -

contracting by 7% in 2019. In

2020 in the first quarter it grew by 28% with good rains and

bumper crops. By August 2020 the National Crop Estimates

Committee (CEC) confirmed that SA’s total summer grain and

oilseed output (17.85 million

tons) was one of the largest on record– and 34% higher than

2019, with the total maize crop

of 15.54 million tons being 38% larger than 2019. The citrus

industry is also smiling, with

South Africa exporting around

2.15 million tonnes in 2020 - up 19% from the previous year.

Favourable weather conditions in South

level of the Agbiz/IDC ACI since the

that farmers have been able to plant

show that South Africa’s agricultural

Africa over the last year have meant

on time and increase area plantings for

various crops. Higher commodity prices have also improved bank balances,

second quarter of 2014. These results sector will, optimistically, experience another year of robust growth.

leading to improved sentiment

“In volume terms, South Africa’s

And, the sector is set to continue

19 percent since 2010. Encouragingly,

to improve with the support of

government policies, including the Master Plan on Agriculture and Agro-processing.

According to the Agricultural Business Chamber (Agbiz), the Agbiz/IDC

Agribusiness Confidence Index (ACI)

improved from 61 points in the fourth quarter of 2020 to 64 in the first

quarter of 2021. This is the highest

agricultural production has grown by

this expansion has occurred across all subsectors of agriculture and agro-

processing value, that is, horticulture (up 70 percent), animal products (up

43 percent), field crops (up 22 percent) and agro-processing (up 13 percent), according to data from the Bureau for Economic Research (BER) and

Bureau for Food and Agricultural Policy (BFAP).” - Wandile Sihlobo, Chief Economist, Agbiz

And from a citrus

perspective the news is just as good.

“The Citrus Growers

Association of Southern

Africa (CGA) is excited to announce that the South

African citrus industry will likely break all previous

export season records with an estimated 158.7 million cartons in 2021.

If the estimate is reached, it would represent a third consecutive season of

record export volumes,

75

TOP500 11th Edition


Turn static files into dynamic content formats.

Create a flipbook

Articles inside

LEADERSHIP, THE MARKETS AND RECOVERING FROM COVID

3min
pages 54-55

GIVE YOURSELF THE PERMISSION TO SUCCEED!

3min
pages 48-49

Lesedi Empowering Africa

3min
pages 108-109

HOW DO WE RANK THE TOP 500?

2min
pages 140-141

The power of Social Media

7min
pages 104-106

Influencer Marketing: Worth up to $15-BILLION BY 2022

3min
pages 102-103

So Who is Lillian Barnard?

21min
pages 12-15, 17-23

Five of the best South African Hotel Pools

2min
pages 128-130

Pioneering Design

8min
pages 120-127

4IR - The future of mining in South Africa

11min
pages 76-79

Cover Story: Interview with Lillian Barnard

3min
pages 12-15, 17-23

Rising Tech Stars in SA

7min
pages 110-113

The Power Behind Creating Digital Content

6min
pages 108-109

Worth up to $15-BILLION BY 2022

3min
pages 100-101

3D PRINTING: is it time to invest?

7min
pages 96-98

THE IMPORTANCE OF B-BBEE: Diversity is being invited to the party, inclusion is being asked to dance

8min
pages 91-94

Building a hopeful future

4min
pages 80-81

Exploring Kruger Shalati: The Train on the Bridge.

4min
pages 74-75

Tourism & Travel

3min
pages 72-73

TRANSPORT TECH TRENDS SHAPING SA

5min
pages 69-71

Cryptocurrency trends in SA & Beyond

5min
pages 62-63

CSI Impact Across SA

9min
pages 56-59

GOOD GOVERNANCE: How important is sound financial reporting for your business health?

2min
page 43

Tracking SA’s Marine Sector

4min
pages 34-35

SA’s Leading E-Commerce Retailers

4min
pages 32-33

How digital transformation enables the financial services industry in emerging markets

10min
pages 28-31

SUSTAINABILITY: Why great companies are investing in it in a big way

8min
pages 24-27
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.