Water ‘race quotas’ plan erodes agribusiness confidence
Proposed changes to the Water Act will make water licences conditional on farmers having a black shareholding of 25%-75%
19 June 2023 - 13:10
UPDATED 19 June 2023 - 19:29
Race-based water regulations stood out as one of the factors that have plunged confidence in the SA commercial agriculture sector to its lowest levels since the height of the pandemic-induced restrictions.
The Agbiz/IDC Agribusiness Confidence index (ACI), which measures the perceptions of at least 25 agribusiness decisionmakers on various aspects affecting the sector, remained unchanged at 44 in the second quarter of 2023, from the previous quarter...
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