11 Sep 2018, Gergana Bencheva, EMIS Editor
South Africa’s agribusiness confidence index slips to level from 2016
The decline was supported by five out of ten subindices, namely turnover, employment, capital investment, the volume of exports and economic growth. Agbiz underlined that the deterioration this time was linked to policy uncertainty and weak economic growth and not to the usual reasons linked to poor weather conditions.
South Africa’s agriculture sector was the main reason for the country’s economic contraction in the first two quarters of 2018 although it accounts for only about 2.5% of its gross domestic product (GDP), CEEMarketWatch added.
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