Your article Agriculture confidence drops to lowest level in nine years refers (Businesslive, December 4). “We doubt that there will be a meaningful improvement in confidence in the near term if there is still no clarity regarding the land-reform policy in SA,” says agriculture economist Wandile Sihlobo. The latest Agbiz/IDC agribusiness confidence index results for Q4 (marking a drop to 42 points — the lowest level in nine years), as well as Statistics SA’s Q3 GDP results for agriculture are sobering. In 2017, an euphoric wave permeated the agricultural sector when the sector was lauded as the single largest contributor to GDP, for two consecutive quarters. It’s against this backdrop that we’re now navigating a landscape that stands in stark contrast to 2017’s — confronted with the effects of a grave shortage of rain, as well as a need for policy certainty around land reform (that will hopefully result in maintained food security). All eyes are on the agricultural sector, as the pr...

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 exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

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