3 Sep 2013

Agriculture, Horticulture & Forestry

King to pawn...

In an expensive "game of chess", Dave King has finally sorted out his tax issues with SARS and will end up paying over R700m to SARS. As he puts it: "When this tax dispute arose many years ago, I took a conscious decision not to cooperate with the authorities. That was a mistake."

Still on the money front, Satawu says SAA can afford the 12% increase the union is demanding, but if you want to get away from it all... the strikes, the demands, the claims and counter-claims, then Mango has come to your rescue with a scheduled service between Johannesburg and Zanzibar.

Talk about a captive audience... but a nice gesture, so one hopes the inmates took the lessons to heart when Ligwalagwala FM set out to motivate the inmates of Middelburg Prison with a live radio show aimed at discouraging criminal elements and activities amongst youths.

Finally, while no show-off himself, and with no hint of a swagger (but still quite the charmer), our tame motoring editor Henrie Geyser reckons the Renault Clio is a swaggering charmer.

Rod Baker, Content Director

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Weekly top stories

SA farmland 'outperforms stocks, bonds'
The returns on investments in South African farmland consistently outstrip those of local and international equities, bonds and real estate, says Futuregrowth Asset Management, the venture capital arm of Old Mutual. Read more >>

Agriculture, Horticulture & Forestry
Radio programme benefits Meru, Hai farmers
The Meru District Commissioner, Nyirembe Munasa-Sabi, admitted that outreach farm support services were not being accessed by most growers in the country and thus, the advent of technology such as localised radio stations should help transfer skills to farmers effortlessly. Read more >>



Country Bird's earnings up 2% to 24.93c
Despite losses in its South African poultry division‚ focused African poultry group Country Bird Holdings (CBH) reported a 2% increase in diluted headline earnings per share from 24,93c a share to 25.51c for the year to June. Read more >>

VinPro contributes R5-million to wine institute
Training and research in the wine industry will gain new momentum due to a R5-million contribution by VinPro to the Institute for Viticulture and Oenology (IVO) of the University of Stellenbosch (US). Read more >>

Foodcorp purchase puts RCL Foods under pressure
[Zeenat Moorad] RCL Foods‚ formerly Rainbow Chicken, on Tuesday (27 August) reported a 93.2% decline in full-year headline earnings from continuing operations to R18.1m‚ as funding costs from its Foodcorp deal and an effective tax rate of 113.5% weighed down its results. Read more >>


Commodities & Fairtrade
Grain lower on rand‚ Chicago
[Helmo Preuss] Grain futures closed lower on Thursday (29 August) due to a stronger rand and weaker grain prices in Chicago‚ which is used as the international benchmark for grain prices. Read more >>

Livestock shipping worries NSPCA
The NSPCA urged government on Thursday (29 August) to attend to the issue of livestock exported by sea for slaughter. Read more >>

Santam 9% gross premium growth in six months
The country's biggest short-term insurer‚ Santam‚ experienced difficult underwriting conditions during the six months to June that severely hurt the underwriting result‚ causing a substantially lower net margin of 1.3% compared with 6.1% achieved in the same period last year. Read more >>

Grain prices up on softer rand
[Helmo Preuss] Grain futures prices rose on Tuesday (27 August) after the rand touched a worst level of R10.4387 per dollar in morning trade from Monday's close of R10.3148. Read more >>

Maize forecast up 1.04% to 11.5m tons
SA's maize output is expected to be 11.5m tons this year‚ up 1.04% from July's forecast of 11.4m tons‚ the crop estimates committee said on Tuesday (27 August) in its seventh production estimate report for the year. Read more >>

Business better for milk farmers
The expansion of South Africa's middle class bodes well for milk producers, SA Milk Producers' Organisation's chief executive Bertus de Jongh said on Tuesday (27 August). Read more >>


Forestry
200 indigenous trees planted at Victoria Falls
Zambian vice president, Dr Guy Scott led UNWTO delegates in planting 200 indigenous trees at the Victoria Falls World Heritage site at an official event hosted by treeplanting social enterprise organisation, Greenpop. The United Nations World Tourism Organisation 20th General Assembly is being co-hosted by Zambia and Zimbabwe between 24-29 August 2013. Read more >>


New events to diarise

US - Sub-Saharan Africa Agribusiness Trade Mission
17 Sep 2013 to 19 Sep 2013 Johannesburg


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