Johan Willemse, agricultural economist`
The South African economy is in a declining economic growth phase since 2010 and the third quarter of 2019 realised a negative growth of 0,8% and was followed by a further decline of 1,4% in the fourth quarter.
The final growth number for 2019 was 0,2% – also a decline from the 0,8% in 2018. Economists are of the opinion that there will be very little growth during 2020 and most probably we will end the 2020-year with a negative growth rate.
The South African Pork Producers’ Organisation (SAPPO) coordinates industry interventions and collaboratively manages risks in the value chain to enable the sustainability and profitability of pork producers in South Africa.