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Maroc Maroc - AGRIFOCUSAFRICA.COM - A La Une - 04/Mar 13:51

South African gross domestic product (GDP): Q4 2024

Quote: Daneel Rossouw, Head of Sales: Agriculture at Nedbank Commercial Banking At the Agriculture roundtable webinar Nedbank hosted in late January 2025, presenters from both BFAP and Agbiz cautioned that the Q3 decline in growth was likely highly overstated. We believe the strong bounce back of 17,2% quarter-on-quarter (seasonally adjusted) in the last quarter of 2024 confirms their statements. This ‘mismatch’ of quarterly figures was largely due to the late deliveries of some field crops (the 2024 harvest and resulting deliveries occurred later than in 2023). Q4 performance was also boosted by improved performance of the livestock and fruit sectors. […]

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