Western Cape Agri Sector to take R5 Bln Hit Due to Drought

Updated on March 2, 2018

Reading Time: < 1 minute

The agriculture sector in the Western Cape will take an economic knock of more than R5 billion due to the impact of the drought.

This is according to the MEC for Economic Opportunities Alan Winde who cited a recent report by the department of agriculture, in collaboration with the Bureau for Food and Agricultural Policy (BFAP), which estimated that the impact of the prolonged drought on the province’s Gross Value Added (GVA) will be R5.9 billion, representing an average production decline of around 20%. (via African News Agency)

Staff Writer

Driven by a passion for supporting the South African small business community. Our staff writers are dedicated to sharing stories of resilience, innovation, and success, while also providing practical guidance and expert insights. We believe in the power of entrepreneurship to transform lives and communities, and we are committed to providing valuable resources and information to help SMEs thrive. Our team's goal is to be a trusted partner for small business owners across South Africa, fostering a vibrant and supportive entrepreneurial ecosystem.