27.05.2011

From the “highs” in 2008, to the “lows” in 2009 and again the “highs” in 2011

Agribusinesses in South Africa have had positive business confidence for a year now; peaking since the beginning

of 2011. According to the results from the ABC/IDC Agribusiness Confidence Index, agribusinesses’ confidence

increased to 62.7 index points in the second quarter of 2011. It is a mere 1% higher than the first quarter of 2011

and 12% higher than the same quarter of the previous year.

Last year this time (second quarter of 2010), the ABC/IDC Agribusiness Confidence Index reached 55,7 index

points - it was the first time to be in positive territory (being above the neutral level of 50 basis points) since the

third quarter of 2008.

Agribusinesses in South Africa have had positive business confidence for a year now; peaking since the beginning

of 2011. According to the results from the ABC/IDC Agribusiness Confidence Index, agribusinesses’ confidence

increased to 62.7 index points in the second quarter of 2011. It is a mere 1% higher than the first quarter of 2011

and 12% higher than the same quarter of the previous year.

Last year this time (second quarter of 2010), the ABC/IDC Agribusiness Confidence Index reached 55,7 index

points - it was the first time to be in positive territory (being above the neutral level of 50 basis points) since the

third quarter of 2008.

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