Sign up for our daily Newsletter and stay up to date with all the latest news!

Subscribe I am already a subscriber

You are using software which is blocking our advertisements (adblocker).

As we provide the news for free, we are relying on revenues from our banners. So please disable your adblocker and reload the page to continue using this site.
Thanks!

Click here for a guide on disabling your adblocker.

Sign up for our daily Newsletter and stay up to date with all the latest news!

Subscribe I am already a subscriber

Agriculture is the fastest-growing sector of the South African economy for Q2 2023

According to the latest GDP figures released by Statistics South Africa, agriculture is the fastest-growing sector of the South African economy for the second quarter of 2023. Western Cape agriculture minister Dr Ivan Mayer has praised the industry for its resistance and growth amid the growing socio-economic conditions that are making it unbearable to operate farming entities.

Mayer was responding to Statistics South Africa's recent announcement of the gross domestic product (GDP) figures of South Africa's economic performance in the second quarter of 2023 which increased by 0.6%. According to Statistics South Africa (Stats SA), the agriculture sector increased by 4.2% contributing 0.1% to the GDP.

Mayer said the province was instrumental in the horticulture sector as it was predominantly produced in the Western Cape. Stats SA confirmed that the top three identified export horticultural products in value terms were citrus fruit, vegetables, deciduous and subtropical fruit.


Source: foodformzansi.co.za

Publication date:

Related Articles → See More