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