EconoView – March 2023
By Daniël Minnaar TRACTOR SALES Tractor sales, a good measure of market conditions and sentiment in the agricultural sector, started to decline in the first two months of this year.…
BUDGET SPEECH 2023: AGRI WESTERN CAPE EXPECTATIONS
This year's State of the Nation Address placed strong emphasis on the challenges posed by the country's power crisis. Agri Western Cape hopes that Minister Enoch Godongwana will include in…
EconoView – January 2023
By Daniël Minnaar Inflation The annual inflation rate decreased slightly from 7,4% in November to 7,2% in December. The biggest contributor to this rate was once again food and non-alcoholic…
ELECTRICTY TARIFF HIKE WILL HINDER AGRICULTURE
The National Energy Regulator (Nersa) announced today that a tariff increase of 18.65% has been granted to Eskom for the 2023/24 tariff year. Although the increase is lower than requested…
EconoView – October 2022
By Daniël MinnaarINFLATION: The annual consumer price inflation slowed down to 7,5% from 7,6% in August. After peaking at a 13-point high of 7,8% in July, the inflation rate seemed…
EconoView – September 2022
- Daniël Minnaar INTEREST RATE The Monetary Policy Committee announced last week (22 September) that the repo rate (the rate at which the Reserve Bank lends money to commercial banks)…