South Africa makes around R7.4billion per annum in export earnings from the UK as a result of an EU trade agreement. This is 25% of revenue that the country earns from the export of agricultural products to the European Union. Economist Wandile Sihlobo from AgBiz spoke to SAFM about this issue.
Britain’s decision to vote to leave the European Union (EU) has sparked wider concerns regarding its existing trade engagements under the EU. For South African agriculture, the most exposed sectors to the British market are fruit and wine industries.