Register for BFAP’s Baseline 2023 on www.baseline.bfap.co.za
The release of the country’s GDP results for the final quarter of 2023 brought several surprises, which we unpack in this Brief. For the total economy, GDP increased by 0.1% in the fourth quarter of 2023. For the full year 2023, GDP expanded by 0.6% in real terms. The big surprise, however, was that agriculture
BFAP’s Agricultural Trade Brief interprets and contextualises the latest quarterly international trade data and provides insights on the major factors driving agricultural trade. Click here to read more.
In the third quarter of 2023, South Africa’s gross domestic product (GDP) decreased by 0.2% in the third quarter of 2023. The contribution of agriculture decreased by 9.6%. The biggest contributor to the agricultural sector performance in Q3 of 2023 was a 36% decline in the revenue of field crops. Download here to read the full
How has the agricultural sector performed against the development objectives and targets outlined in the National Development Plan (NDP)? The recently launched 2023 BFAP Baseline as well as data on land reform collected by the BER provide a sense of the exceptional performance of the sector. There are, however, threats on the horizon that could
The Eastern Cape was mentioned in the National Development Plan as a region “with untapped potential” however, there are a number of factors that limit this potential. These include physical characteristics (soil depth and quality (pH, soil nutrients), topology and degradation) as well as land use/competition dynamics. It was found, based on the area and
In the second quarter of 2023, the agricultural sector grew by 4.2% quarter on quarter. It should be noted that this follows a decline of almost 5% in quarter 1, and a decline of almost 20% in quarter 2 of 2022 due to later than normal delivery of some summer crops, which bolstered growth in
South Africa’s seasonally adjusted quarter- on-quarter real GDP increased by 0.4% in the first quarter of 2023, but agricultural GDP contracted by 12.3%. This publication contextualises the latest release of GDP statistics by StatsSA and provides insights on the major factors behind agriculture’s contribution to GDP. Download here to read the full article.
The objective of this study is to provide a description of the energy dependency of the Western Cape agricultural sector on the national grid, within the context of the loadshedding situation, and to describe the on- and off-farm implications and quantify its socio-economic impacts. To reduce and/or mitigate the impact, the study provides recommendations on
South Africa’s seasonally adjusted quarter-on-quarter real GDP dropped by 1.3% in the fourth quarter of 2022. This publication contextualises the latest release of GDP statistics by StatsSA and provides insights on the major factors behind agriculture’s contribution to GDP. Download here to read the full article.
The African Continental Free trade Area (AfCFTA) was signed in 2018 and entered into force in 2019. Some aspects of the agreement still need to be finalised. It is expected to increase intra-Africa trade opportunities when fully implemented. The agricultural sector is expected to benefit from the trade opportunities as it is the mainstay of most economies on
