Higher seasonal output will not sustain sales of agricultural machinery
This essay first appeared on Business Day, May 12, 2020 No industry will escape the economic pain of the Covid-19 pandemic. The high-frequency economic data for industries that are classified as non-essential during the lockdown period already shows the negative...
SA tractor sales down notably in January 2020
The South African agricultural machinery market started the year on a bad footing. Tractor sales were down 14% y/y, with 333 units sold. This is the lowest monthly sales data that has been recorded over the past six years – see Exhibit 1. This sales data is, however,...
South Africa’s agricultural machinery market underperformed in 2019
After a brief downtime from blogging, I am finally adjusting back to my normal routine, and today’s comment will briefly reflect on South Africa’s agricultural machinery market performance in 2019. This is one of those sectors that “feels the cold when farmers are...
A potential turning point for SA poor tractor sales might be close
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...
Wandile Sihlobo is the Chief Economist of the Agricultural Business Chamber of South Africa (Agbiz) and the author of “Finding Common Ground: Land, Equity, and Agriculture.”
Sihlobo is Senior Lecturer Extraordinary at the Department of Agricultural Economics at Stellenbosch University.
He is also a Visiting Research Fellow at the Wits School of Governance, University of the Witwatersrand.
He holds a Bachelor of Science degree in Agricultural Economics from the University of Fort Hare and a Master of Science degree in Agricultural Economics from Stellenbosch University.
Sihlobo was appointed as a member of President Cyril Ramaphosa’s Presidential Economic Advisory Council in 2019 after serving on the Presidential Expert Advisory Panel on Land Reform and Agriculture between 2018 and 2019.
He is also a member of the Council of Statistics of South Africa (Stats SA) and a Commissioner at the International Trade Administration Commission of South Africa (ITAC).
Sihlobo is a columnist for Business Day and Farmers Weekly magazine.