Ready cash, rand fears lift S.Africa tractor sales

Newswire

JOHANNESBURG, Aug 6 (Reuters) - South African tractor sales rose in July, as farmers flush with cash from a bumper crop last year took advantage of a strong rand to buy agricultural equipment, despite poor prospects for profit in 2004. Tractor sales rose 13.9 percent in July, bringing year-to-date sales to 2,493 units, up 15.2 percent on the same period in 2002, the South African Agricultural Machinery Association said. "The prices for the summer crops are not good...But if you look a ...

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