The Department of Statistics South Africa (Stats SA) recently released the Gross Domestic Product (GDP) figures for the final quarter of 2020.
The economy grew by an impressive 6,3% in the final quarter of 2020, despite the second wave of Covid-19.
The one impressive performer was the agricultural sector, which recorded a 5,9% growth in the fourth quarter, at the back of increased production of animal products, according to Stats SA. The sector’s year performance flourished, as expected, coming in at 13,1% in 2020. The impressive performance of horticulture was led by citrus exports, and the recovery in the livestock industry.