Agbiz/IDC Agribusiness Confidence Index unchanged for Q1
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After deteriorating by 10 points to 40 in the fourth quarter of 2023, its lowest level since 2020 at the height of the pandemic, the Agbiz/IDC Agribusiness Confidence Index (ACI) was unchanged in the first quarter of 2024. The reading is below the neutral 50-point mark, implying that South African agribusinesses remain downbeat about business conditions. Agbiz Chief Economist Wandile Sihlobo upacks some of factors which lead to the decline…
