Pannar Seed, DuPont deal gets go-ahead
Fin24 - May 29th 2012, 08:05
Johannesburg - The South African Competition Appeal Court has approved DuPontâ€™s bid to buy control of domestic seed company Pannar Seed, the two companies said on Monday, giving the US chemicals company a toehold in Africaâ€™s agricultural sector.
The approval is subject to the companies meeting certain conditions, including long-term investment in South Africa, the firms said.
Pioneer Hi-Bred, the agricultural unit of DuPont, announced in 2010 that it was buying Pannar Seed in an effort to expand its reach into corn production through Africa. The companies did not disclose financial terms.
Formal sector employment up 0.1%
19/06/2013 - 07:57
Johannesburg - The number of people employed in the formal non-agricultural sector of the South African economy rose by about 7 000â€š or 0.1%â€š in the first quarter of 2013â€š the March Quarterly Employment Statistics (QES) survey released by Statistics SA on Tuesday shows.
Agriculture gets a boost in Argentina deal
14/06/2013 - 09:15
Johannesburg - South Africa has entered into a bilateral agreement with Argentina on co-operation in the agricultural sector, it was announced on Tuesday.
SA maize falls after USDA report
14/06/2013 - 08:20
Johannesburg - South African corn declined for a second day after a report from the US Department of Agriculture showed more production than anticipated.
Africa beckons for SA retail investors
11/06/2013 - 08:13
Cape Town - Illovo-based Imara S P Reid Stockbrokers is about to open up African share and bond markets to local retail investors.
Agri-sector boosts 54 000 new jobs
30/05/2013 - 09:11
Cape Town - A total of 54 000 new jobs were created in the agriculture sector in the first three months of the year, Agriculture Minister Tina Joemat-Pettersson said on Wednesday.