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“All indicators pointed to downbeat conditions ahead of the release of the Agbiz/IDC agriculture business confidence for the second quarter (Q2) of 2023 which steadied but was still below the break-even level of 50 points and the lowest level since Q2 2020,” says Paul Makube, Senior Agricultural Economist, FNB Commercial. First, was the sharp contraction …
“As widely expected, South Africa posted a pedestrian GDP growth of 0.4% in the first quarter of 2023 thus avoiding a technical recession. While eight of the industries recorded growth, agriculture was a major drag on growth as it deteriorated further by double digit levels. After contracting by 2.4% y/y in the fourth quarter of …
Danfoss, a multi-national Danish engineering company, is celebrating its 30th anniversary in South Africa, marking three decades of growth and expansion in the region. Founded in 1933 by Danish engineer Mads Clausen, Danfoss has evolved into a global enterprise employing over 42,000 individuals worldwide. The company has recently focused on integrating its local presence in …
