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News archive - June-2018

2018 Agbiz Congress - Agriculture cannot be measured in terms of money alone

Agriculture and agribusinesses annually contribute around 14% of total GDP to the economy of South Africa but the value of these sectors cannot be measured in money alone. They make a huge contribution to rural development and sustainable employment. At last calculation, the turnover of Agbiz members, including lending exposure of financial institutions, was in the region of R400 billion per annum, considerably greater than the total farm-gate value of agricutural production in South Africa. The participation of Agbiz members is, therefore, crucial to take agriculture and agribusiness forward in South Africa, said Dr John Purchase, CEO of Agbiz in his opening address at the 2018 Agbiz Congress.

11.07.2018 / Agbiz in the news

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