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Stats SA on Thursday showed producer price inflation fell to 4.8% in June, from 7.3% in May and 8.6% in April, reaching its lowest level since February 2021. The June reading is also below Reuters’ consensus of 6%. Stats SA data shows most major categories moderated further, amplified by the higher base established in 2022. The coke, petroleum, chemicals, rubber and plastic products category remained the main driver of the downward trend, followed by the food products category. Inflation in the coke, petroleum, chemicals, rubber, and plastic products category contracted 2.9% from an increase of 3.6% in May.
The global economy continues to gradually recover from the pandemic and Russia’s invasion of Ukraine but many challenges cloud the outlook.Pierre-Olivier Gourinchas says that economic activity in the first quarter of the year proved resilient, as energy and food prices fell sharply from their war-induced peaks, allowing global inflation pressures to ease faster than expected. Financial instability ollowing the March banking turmoil remains contained thanks to forceful action by the US and Swiss authorities, he adds.Under the IMF’s baseline forecast, growth will slow from last year’s 3.5 percent to 3 percent this year and next, a 0.2 percentage points upgrade for 2023 from our April projections. Global inflation is projected to decline from 8.7 percent last year to 6.8 percent this year, a 0.2 percentage point downward revision, and 5.2 percent in 2024.+
In ʼn onlangse byeenkoms van die ANC kaders se hersiening van sy verkiesingsmanifes in Boksburg het die ANC bestek geneem van sy beloftes. Dit moes tydens die gesprek duidelik geword het dat die ANC se warm lug beloftes die laaste jare nie realiseer nie. Dit het President Ramaphosa genoop om die skuld elders te soek. So is die skuld gepak op die Covid-19-pandemie, staatskaping en die voortgesette ekonomiese probleme sowel as die Julie 2021 onluste. Trouens die president is soos volg aangehaal: “Die tydperk waarin ek president geword het, is moontlik die mees uitdagende tydperk wat enige president in die demokratiese era nog ooit in die gesig gestaar het. Geen ander president het soveel uitdagings, wat nie net ek nie maar die hele land in die gesig gestaar nie.” Trouens die president het gemeld dat hy 14 struikelblokke in sy pad gehad het. Covid-19 wat die hele wêreld gekonfronteer het, bly vir die ANC en die president ʼn gerieflike verskoning. Die ander struikeblokke waarna die president verwys is waarskynlik deur die ANC self geskep of vererger.
PSG Wealth’s chief investment officer, Adriaan Pask, said interest rate hikes are not the right mechanism for fighting inflation in all environments – particularly in South Africa, where economic growth is limited. The South African Reserve Bank (SARB) recently decided to pause its hiking cycle for the first time since November 2021, when it started. Since the beginning of its hiking cycle, the SARB has implemented ten consecutive interest rate hikes and a cumulative 475 basis points of hikes. This has brought the country’s repo rate to a 14-year high of 8.25%. As the hiking cycle continued, experts questioned whether interest rates were the most effective method to manage South Africa’s inflation. It is a blunt tool with the potential to hamper economic growth significantly.
Russian President Vladimir Putin said the trade turnover between Russia and African countries had increased by almost 35% in the first half of 2023 despite international sanctions and the fallout from the COVID-19 pandemic. Speaking at a trilateral meeting with the Chairperson of the African Union, President of the Union of Comoros Azali Assoumani, and the Chairperson of the African Union Commission Moussa Faki Mahamat, Putin said "despite the difficulties related to the coronavirus pandemic and the imposition of illegal sanctions against Russia, it was possible to ensure the growth in the pace of trade and economic ties" with African countries. Putin added last year, "the volume of mutual trade amounted to about 18 billion dollars." "In the first half of this year, the trade turnover increased by almost 35%," Putin noted. "Russia continues to be a reliable supplier of food to Africa," he added, saying that in 2022, Russian exports of this group of goods had amounted to 4.7 billion dollars."
READ a Summary at the bottom
"ONS BOERE- ONS LANDBOUERS van Suid Afrika is die prooi van lafhartige barbare wat geen reg het op bestaan nie- " Verdedig julleself en pas julle gesinne op.
All regions saw double digit percentage increases in urea prices this week as sellers were able cominate negotiations. The next Indian urea tender was confirmed on Monday and that provided the ammunition for suppliers to bid prices way up. The tender closes for offers on 9 August and seeks around 1 million tons. Expectations are that the Chinese will provide at least 500,000 tons of that requirement with the economics looking favourable for the Chinese. READ MORE
Humanity is in the hot seat,” United Nations Secretary General Antonio Guterres said on Thursday. “Climate change is here, it is terrifying, and it is just the beginning. The era of global warming has ended, the era of global boiling has arrived.” READ MORE
South Africa is maybe even worse- "BOEPPENSE: is all around- and the its not only so called old people- its young men and women and children - Its a "TIME BOMB " No matter what you read on social media, or hear from Doctors orr Health practitioners- YES- you need to do act now- and please don't run to the GYM- or a so called Weight loss program - or any other quick fixes or expensive pre-made meals. Yes you need to control your meals, but you don't know what they put in the emails to taste better- and they tell you a different story. READ MORE
“The land reform programme has immense potential to stimulate rural economic development, contribute meaningfully to food security and create employment opportunities. Properly managed, this programme provides a pathway out of poverty for land reform beneficiary communities. Our experience has shown time and again that those CPAs that manage their affairs in a diligent manner have a better chance of attracting much-need commercial partners. So, good governance is not an option, but a prerequisite to a successful land reform programme. READ MORE
Hierdie weeklikse oorsig word totaal en al vertaal in 5 tale en word reg oor die wereld gepubliseer.
Ons het ook nou 'n weeklikse AUDIO CAST in Engels- Net die Hooftrekke. Saam met dit is ons gewilde Agri News Rush wat binnekort weer gaan terug wees in 'n ander formaat.
Dankie dat jy elke dag deel is van ons - NUUS NETWERK- Ons maak dit nog groter.
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No medium in farming and agriculture give you so much news at one address. - 350 "good news " stories per week-
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AUDIO CAST of the WEEK
WOMEN’S INSIGHT DELIBERATION COMPETITION 30th November 2023 -
PLEASE TAKE NOTE- ENTRY DATE MOVED to 30th November 2023
Women in agriculture deserves recognition. These women are in most cases graduated or with some form of post-school tertiary qualification and a leader in hear community, church, at the local school, clinic and plays a role in keeping the daily activities on the farm, running.A Women who forms part of the decision making on the farm, support her husband to adapt to the changes in weather, government rules, managing the finances of the farm as a business.A Women who offers an input before agricultural meetings and conferences. This Women has a direct input in the management of the farm and allows her husband to be a farmer and allows him to farm. A Women without a platform to raise her own voice.The reality is that men as farmers compete in competitions, wins luxury vehicles and invited to international agricultural trade and study tours, but never such an opportunity for women in agriculture.
ʼn Bekende aanhaling wat aan Albert Einstein toegeskryf word, lees soos volg: “Waansin is om dieselfde ding oor en oor te doen en ʼn ander uitkoms te verwag”. Daar word beweer dat hy hierdie aanhaling geuiter het in die konteks van diegene in die intellektuele gemeenskap wat gedurende sy era geglo het dat die werking van die heelal bloot aan toeval te wyte is. Alhoewel hierdie aanhaling binne die konteks van die ingewikkelde leer van kwantummeganika gemaak is, word dit vandag wyd in ander kontekste aangehaal. Dié aanhaling is ook van toepassing op die konteks van die politieke- en kulturele- landskap van Suid-Afrika.
Suid Afrika -Weeklikse Landbou Nuusoorsig - Weekly Agriculture News Summary 26th July 2023
The 2023 Junior Writers awards is open until the 30th September 2023 Proudly sponsored by Hollard-
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2022 Winners of the Junior Agri writers awards at the Function at Hollard Head Office
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Afrika
Afrika in sy geheel gesien, is hoofsaaklik ʼn arm en ylbevolkte vasteland. Die hele vasteland lê in tropiese en subtropiese streke, en sy totale oppervlakte beslaan ʼn landoppervlak van 30,37 miljoen vierkante kilometer of 20% van die landoppervlakte van die aarde. Dit is so groot dat ʼn mens die Verenigde State, China, Japan, Mexiko en baie Europese lande saam daarin kan pas! Die getal mense in Afrika in November 2022 (gebaseer op die jongste skatting van die Verenigde Nasies) is 1 416 713 770. Dit is gelykstaande aan 16,72% van die wêreld se bevolking! Afrika bestaan uit ʼn aantal plato’s en valleie waarvan die vlakke verbasend gelyk en eenvorming is. In die oostelike gedeeltes is ʼn reeks indrukwekkende skeurvalleie, terwyl vulkaniese uitbarstings hoë bergreekse laat ontstaan het. ʼn Tipiese Afrika-landskap bestaan uit hoogliggende plato’s, wuiwende grasvelde, met enkele verspreide bome en struike. Dié oop landstreek is die ideale woonplek vir veral grootwild, en dit lok baie toeriste en natuurliefhebbers na die ongerepte land. Net ʼn baie klein gedeelte van die vasteland bestaan uit tropiese woude, terwyl die noordelike en suidelike grense se klimaat en plantegroei baie soortgelyk is. Die gehalte van die grond en die klimaat van die vasteland is ʼn uitdaging vir die uitbouing van die onderontwikkelde – en hoofsaaklik landbougerigte – ekonomiese stelsels, van dié Afrika-lande. In sommige streke is mynbou baie winsgewender. Afrika spog met buitengewoon ryk reserwes van sekere sleutelminerale (koper, goud en aardolie). Daar is ook groot moontlikhede vir nywerheidsontwikkeling as die waterkragpotensiaal benut sou word, asook sonkrag en wind as hernubare energiebronne.
NEWS on AGRI NEWS NET - For more news visit www.agrinewsnet.co.za
Here is just a few of the 350 that were posted this week.
Die rykste boere ter wêreld bestee egter nie die hele dag in die veld nie, maar eerder in kantore waar hulle hul besighede koördineer vanuit die uitgangspunt dat, in die landskap van die moderne landbou, nuwe tegnologie die ontwikkeling van suksesvolle boerderye in besigheid bevorder.
Zimbabwe se kommersiële haastelersvereniging vra vir 'n onmiddellike verbod op die invoer van lewende hase uit Suid-Afrika. Dit is as gevolg van die uitbreek van hemorragiese haassiekte hier.Konynvleis is 'n belangrike bron van proteïen vir Zimbabiërs, en dat die bedreiging van die haassiekte vererger is deur die feit dat geen entstowwe teen die virus daar beskikbaar is nie.
The South African Reserve Bank (SARB) expects South Africa to see 280 days of load-shedding in 2023 – 77% of the year. However, this estimate seems very low as, according to the Outlier, South Africa has already had 208 days of load-shedding this year.
Ons hoor nou al vir 16 jaar praatjies en beloftes oor Elektrisiteit. Dis nou na die bykans 14 jaar voor dit wat die ANC regering al geweet het daar kom ‘n kragtekort. Hulle het die kuns vervolmaak om slim te praat oor oplossings, terwyl hulle maar net saam met die probleem leef. Die ANC is nie instaan om die ESKOm probleem op te los nie-
The cotton harvesting season is now well underway! A total of 23 109 lint samples have been received by the Cotton SA Quality and Grading laboratory by 7 July 2023. Early indications are that the 6th crop estimate for the number of lint bales has increased to around 78 121 bales, from just over 72 000 bales.
South Africa -National dam levels sustain stability despite slight drop due to winter season-The weekly status of reservoirs released by the Department of Water and Sanitation reflects that most reservoirs in the country remain on a stable balance albeit downswing in water levels when compared to same period last week.
Beef: Class A carcass prices continue to remain under pressure, although weekly price declines lost momentum and could signal that this market is approaching a turning poin
Africa produces the world’s largest supply of cocoa, used in chocolate bars and other products. Ethiopia and Uganda-grown coffee beans which dominate Africa’s coffee exports, valued at nearly US$2 billion last year.
Dis 'n heerlike feestelikheid in Pretoria saam met die vleis eters "Lamb Champs" Dit gaan blykbaar 'n onvergeetlike dag wees en die kans om lekker saam met te kuier en te drink .Die groot manne gaan groot dinge gesels - groot stukke vleis eet en lekke brannas drink- Groot pryse te wen - en dan kom alles tot stilstand want daar is groot rugby op die skerm.
The Global Biodiversity Framework launched at the Conference of Parties meeting in Montreal in December 2022 provides a global mandate for countries to create partnerships to promote wildlife enterprise that restores rather than converts landscapes to other land uses. The theme for World Wildlife Day 2023 embraces this vision
There have been hopes that the African Continental Free Trade Area (AfCFTA) may provide opportunities to expand South Africa's agricultural exports into the African continent. This comes against the backdrop of Africa being the largest market for South Africa's agricultural sector - accounting for an average of 43% (or US$4,1 billion) a year of all agriculture exports over the past decade.
Saai’s popular Lamb Champs competition was held at Loftus on Saturday 29th July. It was once again a huge success and gave sheep farmers from all over the country exposure to the consumers. More than 5 000 people came to taste some of the 100 lambs on spits to determine which farmer has the best tasting lamb in South Africa.
Agriculture, Land Reform and Rural Development Minister Thoko Didiza said government interventions are in place to insulate poor households from hunger and chronic poverty amid rising food prices.
Celebrating its 25th consecutive year shipping citrus from South Africa to the U.S., the marketing association Summer Citrus from South Africa (SCSA) recognized a key trade partner and the growth of its exports in a July 20 press release.
The REST of the news you can read on - www.agrinewsnet.co.za - 350 stories were posted this past week.
Vir nog meer nuus - www.agrinewsnet.co.za
This is South Africa
This documentary lays bare how Ramaphosa, Zuma, and the ANC's cadre deployment mafia have illegally influenced the appointment of judges and senior public servants — ultimately enabling state capture. pic.twitter.com/gtPBoGoLvm
— Multi-Party Coalition Advocacy Group (@MultiCoalition) July 28, 2023
South Africa playing Russian roulette – threatening the worst economic crisis in its HISTORY:
South Africa risks becoming bankrupt for its relationship with Russia, which adds virtually nothing to the economy, state revenues, economic growth, job creation, socioeconomic stability, and investor sentiment.
This is according to Investec chief Annabel Bishop, who commented on the dire consequences of entertaining relations with Russia – a country that has continued to push #war with Ukraine.
Concerns arose when the USA formally indicated that #SouthAfrica was in danger of being ousted from the African Growth and Opportunity Act (AGOA), losing its trade benefits due to its love of Russia.
In a letter to the US Secretary of State Antony Blinken at the beginning of June, US legislators said that there are “serious concerns with current plans to host this year’s AGOA Forum in South Africa” and that “actions by South Africa call into question its eligibility for trade benefits under AGOA”.
This development came as US Intelligence suggested that South Africa’s government has deepened its military relationship with Russia over the past year, as accusations suggested a Russian cargo vessel subject to US sanctions docked in South Africa where the government covertly supplied Russia with arms and ammunition that could be used in its illegal war in Ukraine.
On top of this, South Africa held joint military exercises with Russia and China, authorised a Russian military cargo plane (also subject to US sanctions) to land at a South African air force base, and continues the push to host the BRICS Summit, where the government aims to strengthen its ties with China and Russia.
This love for Russia might be justifiable if there were massive economic upsides to strengthening ties with the Russian Federation. However, it’s the exact opposite.
Russia accounts for a paltry 0.2% of South Africa’s global export trade, while the US, UK, and the EU account for a combined 35%, with China around 9%.
This means South Africa is risking over 40% of its export revenue. This would wipe out approximately 10 to 15% of its GDP – which stands at roughly R4.6 trillion, according to Stats SA.
