by Wandile Sihlobo | Nov 8, 2022 | Agricultural Machinery
I have been closely following South Africa’s monthly tractors sales data, and the results continue to surprise me. Since April 2020, the monthly sales have remained positive, registering an average of 26% y/y growth over the past 31 months.
by Wandile Sihlobo | Feb 19, 2022 | Agricultural Machinery
The robust tractors sales in January 2022 are the tail end of the 2020 and 2021 “party” phase and could soon moderate as the year progresses.
by Wandile Sihlobo | Jan 19, 2022 | Agricultural Machinery
South Africa’s tractor sales for 2021 amounted to 7 680 units, up by 26% from the previous year. The combine harvester sales amounted to 268 units in the same period, up by 46% from 2020.
by Wandile Sihlobo | Apr 14, 2021 | Agricultural Machinery
I worry that the purple patch might slow down for the agricultural machinery sales, not because of a drastic change in farmer finances (we expect a good crop in 2020/21 season). But the source of my pessimism is the cyclical nature of machinery sales.
by Wandile Sihlobo | Sep 5, 2019 | Agricultural Machinery
This has not been a good year for South Africa’s farming sector and related industries. The effects of poor summer crop harvest which in turn influence farmers’ financial position have spilt over to the agricultural machinery market which has been subdued all...