VALLEY: NEWSLETTER September 2020

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“SA’s agricultural sector had a solid start to 2020, with first-quarter gross value-added growing 27,8% quarter on quarter on a seasonally adjusted and annualised basis.
I noted then that the succeeding quarters would be likely to continue to show strong growth — a view I still maintain.
But the second-quarter expansion could be somewhat milder than the first, probably in the range of 20%-25%. The key drivers will remain like the previous quarter — an uptick in animal products, field crops and horticulture. “