S. African Agribusiness Mood Rallies as Political Tensions Ease
- Index jumps 10 points to 48 in Q3, highest since 3Q of 2023
- Sector remains concerned about drought, poor roads and ports
Packing and transporting fruit in the Robertson valley, Western Cape, South Africa.
Photographer: UCG/Getty Images
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Sentiment among South Africa’s agricultural businesses advanced sharply as political uncertainty receded after the post-election formation of a broad governing alliance.
A confidence index compiled by the Agricultural Business Chamber, known as Agbiz, and the Industrial Development Corp. rose to 48 points in the third quarter through September, compared with 38 in the prior three months. It’s the highest level since the third quarter of 2023, the data shows.