What is Biodiversity?
A variability among living organisms from all sources including, terrestrial, marine and other aquatic ecosystems and the ecological location, of which they are part of, also includes diversity within species, between species and ecosystems.
What is the Biodiversity economy?
The biodiversity economy of South Africa encompasses the businesses and economic activities that either directly depend on biodiversity for their core business or that contribute to conservation of biodiversity through their activities.
The biodiversity economy (bio-prospecting and wildlife) of South Africa encompasses the businesses, cooperatives and economic activities that either directly depend on biodiversity for their core business or that contribute to conservation of biodiversity through their activities.
Both the bio-prospecting and wildlife sub-sectors of the biodiversity economy demonstrate the potential for significant future development and growth, which is of great benefit for both the public and private sectors, as well as the economy of South Africa.
The contribution of the biodiversity economy to the national economy can be measured in terms of Gross Domestic Product (GDP). The Gross Domestic Product (GDP) of the biodiversity economy was approximately R3 billion in 2013. This comprised:
- The Gross Domestic Product (GDP) figures above demonstrate significant characteristics; these are large sectors that make a significant impact on the national economy.
- The biodiversity economy is therefore a significant job creator, especially in the bio prospecting and wildlife sector.
- Moreover, the sustainable growth of these two sectors requires private sector, government and community partnerships if it is to be successful.