absa
On 19 June, Agbiz released its Agribusiness Confidence Index, which showed that sentiment in the sector remained negative (below 50 points, which is neutral). This was after a notable deterioration in the first quarter (see graph below). These sentiments were underpinned by intensified geopolitical tensions, load-shedding, rising interest rates, deteriorating infrastructure and issues with municipal service delivery.
Although many of these problems are structural and will take time to