Today's Labour News

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AgbizEngineering News reports that Agbiz (Agricultural Business Chamber) CEO Dr John Purchase on Tuesday shared the agricultural sector’s five-year business plan at Business Unity SA’s (Busa’s) Business Economic Indaba, held in Midrand.  

The plan prioritises the recovery of jobs lost as a result of the drought in the country and continuing expansion into global and local markets.  Purchase said the agricultural sector needed to attract investment to get job creation going, as well as private partnerships, and enabling legislation to facilitate agriculture investment.  He observed:  “Supply chain management by private companies is a key area that needs development, to reindustrialise the sector and stimulate production, while more agroprocessing incentives are needed.  Primary agriculture contributes about 2.5% to gross domestic product (GDP), but total contribution from the value chain, including agroprocessing and trade, is 14% of GDP.”  Some 33% of revenue earned by the primary agriculture sector is from exports.  The agricultural sector plan also looks at training and skills development and developing feasible financing solutions.  Purchase noted that government needed to provide certainty around maintenance and the extension of property rights amid land reform discussions.

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