South Africa’s agricultural machinery sales show signs of recovery
Better operating conditions and relatively lower interest rates are essentially the supporting factors for machinery sales
Machinery
Agricultural machinery sales down
This reflects a moderation of sales after excellent sales figures in 2022. But higher interest rates and a poor 2023-24 summer crop add pressure to farmers’ finances
A poor start to SA agricultural machinery sales
After a few years of robust tractor and combine harvest sales, this is more of a normalisation than an indication of trouble in the agriculture sector
Agricultural machinery sales could continue to slow in the second half of 2023
The figures demonstrate a counter position to the generally optimistic outlook of the sector
