The move to ‘level 1’ of the lockdown is a welcome step from a broader macroeconomic perspective, as this ensures that economic activity in the country continues to normalize gradually across more sectors of the economy.
Regular readers of this blog may remember that on Mondays, I provide an update of South Africa’s weekly grain data, also at times with a highlight of various events in the agricultural data calendar for the week ahead.
“It is important to realise that the South African economy was already in a recession before the lockdown was implemented by the government.
This morning’s blog post is co-authored with fellow agricultural economist, Tinashe Kapuya
Some analysts, myself included, did not anticipate that the 2019/20 harvest and agricultural performance would be as robust as we have witnessed.
My aim in this morning’s blog post is to discuss briefly the sentiment conditions in South Africa’s agriculture and agribusiness sectors. This follows the release of the third-quarter results of the Agbiz/IDC Agribusiness Confidence Index (ACI). For full disclosure, I lead the compilation of this Index.
