Biodiversity Economy (1)

01 March 2017

During 2016, SA Hunters participated in the government-led Biodiversity Economy Lab that formed part of the results-driven Phakisa (hurry-up) programme aimed at addressing poverty, unemployment and inequality through accelerated economic growth. Three focus areas received attention, namely Marine and Coastal Tourism, Bioprospecting, and the Wildlife Economy. This report focuses on the wildlife economy that contributed approximate 3% to the national GDP, growing annually by an average of 9,3% from 2008 to 2014, which is much higher than the meagre 1,8% per annum for the general economy during the same period. This demonstrates that wildlife and the hunting sector as one of the largest contributors to the wildlife economy, can contribute substantially to socio-economic development in the country.

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