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


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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