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
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