South Africa: MEC Ivan Meyer on the growth of Western Cape agriculture
South Africa
Published Jun 11, 2021
Tridge summary
South Africa's economy increased by an annualized and adjusted quarterly growth rate of 4.6% in the first quarter of 2021, according to StatsSA's latest report.
Original content
South Africa's economy increased by an annualised and adjusted quarterly growth rate of 4.6% in the first quarter of 2021, according to StatsSA's latest report. This same report further indicated that the agricultural sector's performance declined by 3.2% in the first quarter of 2021. However, the year-on-year quarterly growth rate approach, which compares the first quarter of 2021 to the same quarter in 2020, shows that agricultural economic output increased by 7.5%. Western Cape MEC of Agriculture, Dr Ivan Meyer, said the latter was good news. Said MEC Meyer: "When viewed on an annualised basis, the latest GDP data supports our view that Agriculture Sector will continue to contribute to the economic recovery of the Western Cape." Western Cape Department of Agriculture economist, Tshepo Morokong, highlights that an analysis of the data of some of the horticultural products important to the Western Cape shows a year-on-year quarterly increase in the first quarter of 2021. Said ...
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