Agriculture: The Hero of the South African Economy

Chief economist at AgriSA, Hamlet Hlomendlini said in an interview with Moneyweb’s Nastassia Arendse in September of 2017 that South African culture is reviving itself. He sounded optimistic about the future of South African agriculture as regions are recovering from drought. The Western Cape is experiencing somewhat of a dry spell but that is the only major concern for the agricultural future. In terms of enterprise, agriculture is on the rise and steady growth in the horticultural sector and grain production can be seen.

According to the Huffington Post, agriculture is responsible for pulling the South African economy out of the recession. While unemployment rates and poverty remain high, agriculture is the economy’s saving grace. The agricultural sector has increased its contribution by 33.6 per cent in the second quarter of 2017. That is significant to note as it confirms that farming in South Africa is an undeniable contributing factor … Read More