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Agbiz/IDC Agribusiness Confidence Index retreats in Q3, 2021

Agbiz chief economist Wandile Sihlobo says following a surge to an all-time high of 75 in the second quarter of this year, the Agbiz/IDC Agribusiness Confidence Index (ACI) retracted back to 67 points in the third quarter. Still, this current level reflects favourable conditions in South Africa's agriculture sector and for agribusiness. A level above the neutral 50-point mark implies that agribusinesses are optimistic about operating conditions in the country.

Published: 20 September 2021