Economy
Currently the agricultural sector provides the highest proportion of the Gross Geographic Product (GGP) of the AbaQulusi area, even though the area is classified as having low agricultural potential. According to a land potential analysis of the area, only 15% of agricultural land can be described as having high agricultural potential. There is extensive, but not intensive agriculture. Very few farms are irrigated.
Products produced are timber, field crops and livestock. Current products farmed include maize, groundnuts, soya beans, sunflowers, fruits and sorghum.
Coal mining historically provided a major force in the local economy of Northern KwaZulu Natal. However, over the past 15 years a number of mines in the area ceased operation, negatively impacting the regional economy. The AbaQulusi Municipality was particularly affected by the closure of the Coronation, Mnyathi, and Hlobane mines in 1997 and 1998. Recently, the coal mining sector seems to have regained some momentum and it is coming back to dominate the economic sector.
Manufacturing in the municipal area includes food and beverages, clothing and textiles, leather products, paper and paper products, printing and publishing, metal products, machinery and equipment.
Wetlands of national importance abound in the district, with Blood River Vlei being the most important. Over 370 species of birds and many animals, reptiles, insects, amphibians and plants can be seen here, creating a significant potential for ecotourism in the area.
Read more about this topic: Abaqulusi Local Municipality
Famous quotes containing the word economy:
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)