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