South African Business 2018 edition
Welcome to the sixth edition of the South African Business journal. First published in 2011, the publication has established itself as the premier business and investment guide to South Africa, supported by an e-book edition at www.southafricanbusiness.co.za. Regular pages cover all the main economic sectors of the South African economy and give a snapshot of each of the country’s provincial economies. Feature articles on topical issues such as sustainability and African trade provide unique insights, together with an interview with the newly elected chairman of the African Association of Automotive Manufacturers, Mr Thomas Schaefer. Another special feature focusses on an exciting project to transform South Africa’s small harbours and coastal properties. South African Business is complemented by nine regional publications covering the business and investment environment in each of South Africa’s provinces. The e-book editions can be viewed online at www.globalafricanetwork.com. First published in 2011, the publication has established itself as the premier business and investment guide to South Africa, supported by an e-book edition at www.southafricanbusiness.co.za Regular pages cover all the main economic sectors of the South African economy and give a snapshot of each of the country’s provincial economies. Feature articles on topical issues such as sustainability and African trade provide unique insights, together with an interview with the newly elected chairman of the African Association of Automotive Manufacturers, Mr Thomas Schaefer. Another special feature focusses on an exciting project to transform South Africa’s small harbours and coastal properties. South African Business is complemented by nine regional publications covering the business and investment environment in each of South Africa’s provinces. Visit www.globalafricanetwork.com for more business and investment news, opportunities and events.
Welcome to the sixth edition of the South African Business journal. First published in 2011, the publication has established itself as the premier business and investment guide to South Africa, supported by an e-book edition at www.southafricanbusiness.co.za.
Regular pages cover all the main economic sectors of the South African economy and give a snapshot of each of the country’s provincial economies. Feature articles on topical issues such as sustainability and African trade provide unique insights, together with an interview with the newly elected chairman of the African Association of Automotive Manufacturers, Mr Thomas Schaefer. Another special feature focusses on an exciting project to transform South Africa’s small harbours and coastal properties.
South African Business is complemented by nine regional publications covering the business and investment environment in each of South Africa’s provinces. The e-book editions can be viewed online at www.globalafricanetwork.com.
First published in 2011, the publication has established itself as the premier business and investment guide to South Africa, supported by an e-book edition at www.southafricanbusiness.co.za
Regular pages cover all the main economic sectors of the South African economy and give a snapshot of each of the country’s provincial economies. Feature articles on topical issues such as sustainability and African trade provide unique insights, together with an interview with the newly elected chairman of the African Association of Automotive Manufacturers, Mr Thomas Schaefer. Another special feature focusses on an exciting project to transform South Africa’s small harbours and coastal properties.
South African Business is complemented by nine regional publications covering the business and investment environment in each of South Africa’s provinces. Visit www.globalafricanetwork.com for more business and investment news, opportunities and events.
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OVERVIEW<br />
Agriculture<br />
Agriculture companies are active on the stock exchange.<br />
When <strong>South</strong> Africa’s first alternative stock exchange in<br />
<strong>South</strong> Africa started trading in February 2017, the first<br />
listing was agricultural company Senwes and its holding<br />
company. On the JSE, agricultural companies make up<br />
4.3% of market cap.<br />
Senwes has been described as a “rock solid, conservatively run<br />
agricultural titan” (Anthony Clark) while Kaap-Agri, which listed on the<br />
JSE in June 2017, might be, according to Investors Monthly, “the best<br />
retailing conglomerate in <strong>South</strong> Africa”. Afgri, biggest of the former<br />
co-operatives that are now multi-dimensional companies, has delisted<br />
from the JSE but in 2017 bought the <strong>South</strong> <strong>African</strong> Bank of Athens.<br />
The JSE has also launched a wool futures contract as the sector<br />
strives to add 25-million kilograms to the existing crop of about<br />
44-million kilograms.<br />
Zeder Investments is the agricultural arm of investment holding<br />
company PSG Group (which has become well known through Capitec<br />
Bank and Curro schools). Zeder has been increasing its stake in agricultural<br />
companies, most notably Capespan. Capespan has a turnover of<br />
R7.6-billion across three divisions: farms, logistics and fruit.<br />
Zeder also owns 27.1% of Pioneer Foods which makes and distributes<br />
many big food and drink brands across <strong>South</strong>ern Africa, including<br />
Weet-Bix, Liqui-Fruit, Ceres, Sasko and White Star. The company has an<br />
SECTOR INSIGHT<br />
A record maize harvest is<br />
boosting exports.<br />
• Land under macadamia<br />
nuts is increasing rapidly.<br />
annual turnover of R20-billion and<br />
it has two Bokomo facilities producing<br />
wheat biscuits, cereal and<br />
muesli in the United Kingdom.<br />
These facts give an indication<br />
of the large influence which the<br />
agricultural sector has in <strong>South</strong><br />
Africa. When national agricultural<br />
output surged in mid-2017 on the<br />
back of good rains and harvests,<br />
the country was lifted out of the<br />
technical recession into which it<br />
had fallen in the first quarter.<br />
A maize crop of 16.4-million<br />
tons for 2016/17 means a surplus<br />
SOUTH AFRICAN BUSINESS <strong>2018</strong><br />
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