Corporate Affairs
-
Agriculture sector driven to spend more upfront on innovation
Amid current economic pressure, high energy costs and power grid uncertainty, the agriculture sector in South Africa is starting to favour higher capital expenditure on advanced technology because of the resulting long-term reductions in operating costs, says drive engineering company SEW-Eurodrive sales manager Willem Strydom. “There have been mixed feelings about the higher cost for new technology, but this is shifting as the long-term savings benefits become clearer,” he tells Engineering News.