The Agbiz/IDC Agribusiness Confidence Index (ACI) moderated further by 2 points to 60 in the second quarter following a 12-point decline in Q1, 2022.
The land summit was a fiasco and reflected government’s lack of commitment to land reform
- South Africa
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South Africa held its last national communal land tenure summit in 2014. Given the almost decade-long hiatus, there were grand expectations from the Boksburg land summit.
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Putting the agricultural employment landscape into perspective
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South Africa has a three- to five-year window to enter and establish a strong position in the European medical cannabis market, before it is outstripped by hungrier and quicker competitors from Latin America and parts of Asia, and other lowcost producers.
The numbers released earlier today by Statistics South Africa show that in the first quarter of 2022, agriculture gross value added grew by 0,8% quarter-on-quarter (seasonally adjusted).
Economists are growing increasingly concerned about South Africa’s economy. This is because the country’s three major macroeconomic problems – lacklustre economic growth, growing inflation and very high unemployment – have been exacerbated by a series of major disruptions.
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