English
The latest Agribusiness Confidence Index for the fourth quarter of 2016 shows that agribusinesses still hold a relatively optimistic view about business conditions in South Africa. However, Wandile Sihlobo, head of economic and agribusiness intelligence at Agbiz, said the positivity in the sector is clouded by political and policy uncertainty, which could discourage investment.
The Agribusiness Confidence Index is compiled quarterly by Agbiz and the Industrial Development Corporation and reflects the perception of SA agribusinesses on various aspects of the agricultural economy. The Index indicated that confidence about turnover, net operating income and employment declined.
Positive sentiments were reported in the market share, capital investment, export volumes, economic growth, general agricultural conditions, provision for bad debt as well as financial costs categories. These 10 categories are considered the most important factors that drive confidence and decision-making in the agriculture sector.
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