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Card image 05 December 2019 Engineering News

Water, land reform concerns weigh on agriculture sector’s confidence

The Agricultural Business Chamber (Agbiz) and the Industrial Development Corporation (IDC) Agribusiness Confidence Index (ACI) declined from 46 points in the third quarter of this year to 44 index points in the fourth quarter. This level below the 50-point neutral mark, Agbiz chief economist Wandile Sihlobo told media on Thursday, implied that agribusinesses were still downbeat about business conditions in South Africa.

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