News archive

News archive - March-2010

Processed food imports dent jobs

Johannesburg — THE agricultural sector is losing jobs because processed products are being imported, instead of being produced and manufactured locally, Lindie Stroebel of the Agricultural Business Chamber said last week.

02.09.2010 / Agbiz in the news

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Positive Agribusiness Confidence does not yet excite

Agribusiness confidence is measured quarterly by the Agricultural Business Chamber (ABC) and

the Industrial Development Corporation (IDC) through their quarterly ABC/IDC Agribusiness

Confidence Index. The confidence level in the third quarter of 2010 is 53% higher than the same

quarter of the previous year, which happened to be the all-time lowest level observed. This

significant increase was expected, considering the low basis it was measured from. The

confidence, however, decreased with 5% since the previous quarter, being the second quarter of

2010. This is of concern and definitely inhibits the excitement of the significant year-on-year

increase. A further decrease is not necessarily expected, however, this small quarter-to-quarter

decrease might indicate that confidence might remain in the low, positive range.

02.09.2010 / Media Releases

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