The ABC / IDC Agribusiness Confidence Index reached its highest level in more than three years. The index
measured at 62 basis points in the first quarter of 2011; which is 13% higher than the preceding quarter and
43% higher than the same quarter of the previous year.
The positive confidence is largely due to higher commodity prices, increased international demand, the
recovery of the South African economy from the recession, and a significant improvement of general
agricultural conditions, when compared to last year. Government’s indication to work with the commercial
agriculture sector on the New Growth Path may be a further contributing factor to positive sentiment.
However, some looming constraints, such as cost of capital, infrastructure and service delivery, still inhibit
employment and capital expenditure, while both floods and droughts in certain areas have impacted
negatively on certain industries.
14.03.2011 / Media Releases
Die ontwikkelingskorporasie IDC gaan sy belegging in die landbou met minstens R6 miljard oor die.Geoffrey Qhena, uitvoerende hoof, in Johannesburg gese.
04.03.2011 / Agbiz in the news