The Agbiz Outlook for 2016
In Agbiz's outlook for 2015, it stated that, due to subdued local economic growth prospects and constrained consumers, as well as weather, policy and labour uncertainty, 2015 will provide for a challenging environment for agribusinesses and farmers. This has proved to be true. Although 2015 proved to be a challenging year, 2016 will be far more so.
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"In a deteriorating economic, social and political environment, as reflected by recent downgradings by investment rating agencies, South Africa has reached a dangerous and critical crossroad. Exacerbating this imperfect situation is a major and prolonged country-wide and regional drought, impacting negatively on both the agricultural and agribusiness environment. This is putting South Africa's open, competitive agro-food system and its food security at considerable risk," says CEO of Agbiz, Dr John Purchase.
Read the full Agbiz Outlook 2016.
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