Agribusinesses slightly downbeat about SA business conditions (IOL)

The survey was conducted in the final two weeks of November, covering businesses operating in all agricultural subsectors across South Africa. The Agbiz/IDC Agribusiness Confidence Index (ACI) fell by 4 points in the fourth quarter of this year to 49 points after remaining in optimistic territory for nearly three years.

Agricultural Business Chamber (Agbiz) chief economist Wandile Sihlobo, who co-authored the study, said yesterday that the dip below the neutral 50-point since the second quarter of 2020 implied that agribusinesses were slightly downbeat about business conditions in South Africa. Click here to read full article