The Xchange Platform Agricultural Market Viewpoint with Wandile Sihlobo

There is rising optimism in South Africa’s agriculture

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We have a challenging year like this one where there remains discomfort about the Expropriation Act in some sections of South Africa and rising geopolitical tensions; we were pleasantly surprised to see rising optimism in South Africa’s agriculture.

The Agbiz/IDC Agribusiness Confidence Index (ACI) – a sentiment indicator in South Africa’s agriculture -- increased 11 points from Q4 2024 to 70 in Q1 2025. This is the third consecutive improvement, placing the ACI at its highest level since Q4 2021, a year of La Niña rainfall that boosted agricultural output.

The current level of the ACI implies that South African agribusinesses remain optimistic about business conditions in the country. This optimism is a result of a combination of factors, including La Niña rains that support the 2024-25 agricultural season, improvements in port efficiency that supported exports in 2024, and the progress in controlling animal diseases.

This survey was conducted in the third week of February, covering various agribusinesses operating in all agricultural subsectors across South Africa.

Listen to the podcast for more insights.

Richard Humphries and Sam Mkokeli produce this podcast.
24 Mar 2025 English South Africa Investing · Food

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