• About
  • Advertise
  • Careers
  • Contact
Sunday, November 30, 2025
No Result
View All Result
NEWSLETTER
mynewssourceonline
  • Home
  • Politics
  • Entertainment
  • Business
  • Legal
  • Sports
  • Lifestyle
  • World
  • Opinion
  • Home
  • Politics
  • Entertainment
  • Business
  • Legal
  • Sports
  • Lifestyle
  • World
  • Opinion
No Result
View All Result
mynewssourceonline
No Result
View All Result
Home World

South Africa unlocks $650mn indigenous agricultural market to boost economy

South Africa taps into $650 million indigenous agriculture sector to drive economic growth

by admin
November 14, 2025
in World
0
South Africa agricultural
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

South Africa has formally recognised indigenous crops and medicinal plants as agricultural products under national law, unlocking an estimated $650 million in annual economic value.

The landmark reform, announced under the Marketing of Agricultural Products Act, will allow traditional farmers and herbal harvesters to enter the formal economy, opening the door to investment, export growth, and rural job creation.

Agriculture Minister John Steenhuisen said the recognition, dated July 21, 2025, allocates about $450 million in value to indigenous crops and $200 million to medicinal plants — a “momentous national change” in how biodiversity resources are brought into formal markets.

“For too long, our people who harvest and trade in traditional medicines and indigenous crops have been operating in the economic shadows,” Steenhuisen said. “With this legislative change, we are granting dignity, recognition, and a path to prosperity.”

New law to revitalise neglected sectors

The declaration follows years of advocacy from local farming cooperatives and traditional medicine associations. It forms part of a wider government plan to modernise agricultural laws and unlock neglected rural sectors through regulation, traceability, and market access.

Products such as millet, Bambara groundnut, marula, and wild apricot, as well as medicinal plants like buchu, hoodia, and African wormwood, will now fall under statutory provisions.

These include levy systems, registration, and industry support mechanisms, which allow farmers to benefit from research, subsidies, and export promotion programs.

The agriculture department said the recognition will spur value addition, encourage sustainable cultivation, and position South Africa as a scalable supplier in global nature-based value chains.

“The legal framework had become outdated, stifling innovation and market access for users of traditional agriculture,” Steenhuisen said, describing the move as essential to creating an inclusive, sustainable bioeconomy.

Agricultural economist Dr. Lisa Khanyisa praised the decision as timely and strategically global.

“This is a smart move that fits with the global demand for traceable, culturally rooted, and sustainable bio-resources,” she said. “South Africa can now compete directly with markets in Asia and Latin America that already trade in these products.”

 Global opportunity in biodiversity

The initiative aligns with the Fast-Tracking South Africa campaign, which aims to market the country as a major supplier of wellness, nutraceutical, and sustainable food products. Analysts say it positions South Africa to attract international investors seeking ethically sourced biological ingredients.

With one of the richest diversities of native flora on the continent, South Africa is poised to take a leading role in commercialising plant-based medicines and indigenous crops under regulated conditions.

Officials say the move will strengthen rural economies, promote sustainability, and highlight cultural heritage as an economic asset – boosting South Africa’s competitive advantage in emerging global markets for natural products.

“Through this approach, these products will stimulate value addition, enhance traceability, and engender inclusive industrialisation,” the agriculture department said in a statement.

Economists believe that integrating indigenous resources into formal GDP accounting could also improve fiscal planning and increase export revenue in line with global sustainability goals.

 

admin

admin

Next Post
KGL GJA estate

The KGL, GJA, fourth estate PR drama, who's the worst loser

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

The Council of State Under the 1992 Constitution of Ghana: A Flawed System in Need of Review and Amendment

The Council of State Under the 1992 Constitution of Ghana: A Flawed System in Need of Review and Amendment

9 months ago
ALA years success

Africa Legal Associates (ALA) marks 10 years of success

2 weeks ago

Popular News

  • WAEC WASSCE results

    WAEC releases 2025 WASSCE results; cancels, withholds thousands over exam infractions

    0 shares
    Share 0 Tweet 0
  • GPL: Poor results force Hearts to ditch Accra sports stadium for Legon

    0 shares
    Share 0 Tweet 0
  • Cobolli wins epic tie-break send Italy into final

    0 shares
    Share 0 Tweet 0
  • Is ‘Immense’ Arsenal the most formidable team in Europe?

    0 shares
    Share 0 Tweet 0
  • Moravian stars light up Germany’s christmas season

    0 shares
    Share 0 Tweet 0

Connect with us

  • About
  • Advertise
  • Careers
  • Contact
Call us: +233208991455

© 2025 Mynewssourceonline - All rights reserved

Powered by
...
►
Necessary cookies enable essential site features like secure log-ins and consent preference adjustments. They do not store personal data.
None
►
Functional cookies support features like content sharing on social media, collecting feedback, and enabling third-party tools.
None
►
Analytical cookies track visitor interactions, providing insights on metrics like visitor count, bounce rate, and traffic sources.
None
►
Advertisement cookies deliver personalized ads based on your previous visits and analyze the effectiveness of ad campaigns.
None
►
Unclassified cookies are cookies that we are in the process of classifying, together with the providers of individual cookies.
None
Powered by
No Result
View All Result
  • Home
  • Politics
  • Business
  • Entertainment
  • Banking
  • Legal
  • Sports
  • Lifestyle
  • World
  • Opinion

© 2025 Mynewssourceonline - All rights reserved