Every farm murder or attack costs South Africa’s economy R1.93 million a year, the SA Chamber of Commerce and Industry (Sacci) says . This was based on figure of 2009.
It said in a statement this figure was based on the annual contribution of the agricultural sector to the country’s gross domestic product (GDP).
“Using the nominal GDP figure for 2009 of R2.4 trillion, a 3.22 percent contribution of agriculture to GDP and an estimate of 39,982 farms (as at 2007) in South Africa, the cost of a murder/attack on a farm, to the economy, was R1,932,869 per annum,” Sacci said.
“This estimate assumes a permanent loss of the farming unit.
“Assuming that there is only a temporary loss of productivity of the farming unit, the loss to GDP is an estimated R161 072 per month.”
Sacci said this was a modest, conservative approach to the impact of farm attacks on economic output…
South Africa Today – South Africa News
