South Africa is an upper-middle-income economy – one of only eight such countries in Africa. Yet the optimism from the citrus industry will likely be short-lived as agricultural conditions were tough in large parts of the country due to drier weather conditions over the past few months. Agriculture contributed more than 2,5% of South Africa’s GDP in 2017 and brought in R127.69 billion through agricultural exports. Financial Well-being of South African Companies_2015 The Day of the Seafarer has never previously been honoured in South Africa but on 25 June 2018 the International Maritime Organisation saw to it that three coastal cities celebrated the occasion. For Q3:2017, Agriculture made up 2.43% of South Africa's GDP. But the eastern parts of the country and to some extent the south-western regions had fairly good weather conditions.
Mining was one of the contributors to Northern Cape’s strong growth in 2017. JOHANNESBURG – The South African economy slipped slightly in the third quarter after rebounding by a revised 3.2 percent in the second quarter of 2019, Statistics SA announced on Tuesday. South Africa’s agricultural economy contracted by … If asked to estimate the share of the agricultural sector in the economy, most people respond that it is above 10%. This was specifically the case in the central and western parts of the country, which predominantly produce summer grain and oilseed, and had plantings reduced by 3% year on year in the 2018/19 production year to 3.7 million hectares.The yields of major summer crops such as maize, soybeans and sunflower seeds were also negatively affected, and thus production is set to be down by 13% y/y, 16% y/y and 29% y/y to 10.9 million tons, 1.3 million tons, and 611,140 tons respectively. The primary agricultural sector has grown by an average of approximately 2,2% per annum since 1994, while the total economy grew Despite its relatively small share of the total GDP, primary agriculture is an important sector in the South African economy.
Northern Cape’s GDP expanded by 2,8%, the highest rate of all provinces. March 2015. The South African agricultural industry might be seen by some as simply another role player in the economy, but our farmers cannot be thanked enough for the absolutely necessary work they are doing. According to the “Agriculture Outlook 2018-27” report from the OECD and the UN Food and Agriculture Organisation, the sector will undergo robust growth, with crop production in sub-Saharan Africa projected to rise 30% between 2018 and 2028. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.
This contraction is in line with the numbers coming out of key horticulture sub-sectors that harvested during the first quarter of 2019. After contracting by 13.2% on a quarter-on-quarter seasonally-adjusted annualised rate (q/q saar) in the first quarter of this year, we think South Africa’s agricultural economy experienced a mild recovery in …