• Clamouring for action

    2017 will see battles between politicians as well as those tired of politicking, says Daniel Silke.

  • Realistic dreaming

    Preparation and sound advice will turn entrepreneurial dreams into reality, says Ian Mann.

  • SA versus Cuba

    Cuba’s successes are worth a good look with the aim of emulating them, says Mandi Smallhorne.

All data is delayed
Loading...
See More

WCape economy blooms as fruit output soars

Aug 05 2010 17:14
Francois Williams
Cape Town - June was the second successive month of growth shown by the Western Cape barometer's growth index, after having been in the red for 18 successive months.

The growth index was 3.9% up compared with a year ago, at 121.2 index points.

Economists.co.za economist Mike Schüssler, who compiles the barometer for Sake24, says agriculture was one of the Western Cape sectors that recovered strongly.

The agricultural index rose by 18.7% year on year, by 8.6% compared with May, and over the three months to June by 19.4% compared with the previous three months.

Wine production was 12.6% up and fruit production 29.1% higher than a year ago.

A partial explanation for the fruit industry's sharp improvement was the Transnet strike in May – which meant that a lot of food could be exported only in June. This can also be seen from the South African Revenue Service’s latest trade figures, which reflect increased citrus exports in June.

Another surprise in the latest barometer is the construction index, which rose 4.5% and 2.3% on a monthly and three-monthly basis respectively, while Schüssler had expected it to continue declining. But the index is still 8% down on a year ago.

 - Sake24.com

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about: SMALL BUSINESS

From fossils to finance – that’s been the career trajectory of Dr Merrill van der Walt, a palaeontologist until recently. She is now a statistician with a difference.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

SA's avoidance of junk status by rating agencies: Moody's and Fitch

Previous results · Suggest a vote

Loading...