Downgrade could hit the agriculture sector hard, Agbiz says
Imported inputs will cost more and financial institutions may make it harder for farmers to get credit
The move by Moody’s Investors Service to downgrade SA to junk status will likely cause a decrease in capital investment in the agricultural sector with farmers struggling to access credit, the Agricultural Business Chamber (Agbiz) says.
Agbiz is an association of agribusinesses operating in SA and Southern Africa. ..