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n AfricaGrowth Agenda - Prosperous or recession? Analyzing the performance of South African agricultural economy towards the gross domestic product from 2018 and beyond

Volume 17 Number 1
  • ISSN : 1811-5187

Abstract

The South African government has shown a glut commitment in improving the growth of Gross Domestic Product (GDP). This is entrenched as the long term vision on the National Development Plan, which anticipates to accelerate the growth of the GDP through the industrial and agricultural sectors. This paper analyzes the performance of the South African agricultural economy towards the GDP from the financial year of 2018 and beyond. The case study assisted a researcher to go through the previous report including online data sources such as Statistics South Africa, the Global Economy, and the World Bank. The textual analysis assisted a researcher in critically analyzing the relevant reviewed literature and Microsoft Excel was used to present and analyze the graph to fulfill the quantitative part of this paper. The most important part of the findings reveals that the agricultural sector has shown to reach a recession in terms of contributing to the GDP in 2019 and that raises concerns about the future of the agricultural sector towards contributing to the growth of the GDP in South Africa. This is because the country is currently going through the issue of load shedding, which remains a threat to the growth of the agricultural economy. The government should develop the gas infrastructure by converting all diesel fired power plants to gas in order to back up the agricultural sectors during electricity shortage.

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/content/journal/10520/EJC-1b9ce90626
2020-03-01
2020-06-05

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