Agribusiness Confidence Index recovers to 48 in the third quarter

The Agribusiness Confidence Index (ACI) has recovered by ten points to a level of 48 in the third quarter of the year after dropping to a 15-year low in the second quarter.

While the second quarter held extreme uncertainty over South Africa’s national elections, the formation of the Government of National Unity (GNU) seems to have eased that concern and returned the focus of survey respondents back to fundamental agricultural matters.