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 ...
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