AGRICULTURAL NEWS - South Africa’s agribusinesses are slightly more optimistic about current business conditions in South Africa.
This was evident in the Agbiz/Industrial Development Corporation (IDC) Agribusiness Confidence Index released earlier this week, which recovered by two index points to 46 points in the third quarter of the year.
According to Wandile Sihlobo, head of economic and agribusiness intelligence at Agbiz, the uptick had been underpinned primarily by general agricultural conditions, the volume of exports, market share of agribusinesses, and employment figures.
He said that confidence in general agricultural conditions had increased 11 points from the second quarter to 42 points.
