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Assessing and promoting civil and minority rights in South Africa.

[Source: Reuters by Siphiwe Sibeko.]

Agricultural confidence and land prices in South Africa have dropped significantly and continue falling on the country’s ruling party’s plans to expropriate land from white farmers without compensation.

The Agricultural Business Chamber said this week the Agbiz/IDC agribusiness confidence index has declined to the lowest in more than two years. According to the chamber, it’s the weakest since 2016, when the nation suffered from a drought that ensued after the lowest annual rainfall in at least a century.

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South Africa at a Glance
57 700 000 (mid 2018 estimate)
4.9% y/y in September 2018 (CPI) & +6.2 y/y in September 2018 (PPI)
-0.7% q/q (2nd quarter of 2018)
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