We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

A key agricultural confidence index dipped by four points in the second quarter, weighed down by uncertainty in the land reform debate, particularly the issue of expropriation without compensation. However, so far there has not been a noticeable dent in investment in the agricultural sector, although the outlook for employment was the biggest casualty, according to the latest survey of the agriculture business chamber (Agbiz) and the Industrial Development Corporation (IDC) The capital investments confidence declined four points to 64. However, a reading above 50 indicates expansion in local agribusiness activity. "The uncertainty regarding land reform policy was cited by respondents as one key factor behind the deterioration in confidence," said Wandile Sihlobo, head of agribusiness research at Agbiz. Parliament is currently exploring the possibility of amending section 25 of the Constitution and other property clauses to pave the way for the government to expropriate land without ...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now

Would you like to comment on this article?
Register (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.

Commenting is subject to our house rules.