However, the subsequent recovery in agricultural production during the 1992/93 as well as the 1993/94 season has made a significant contribution to overall GDP estimates. .
Non-agricultural production has been growing consistently since the beginning of 1993, suggesting that an underlying economic recovery is firmly in place. Both consumer and business confidence levels are improving, confirmed by an increase in private sector credit demand, which is resulting in increased private sector investment as well as consumption spending. .
The international environment is also becoming more conducive to growth. For the first time since 1990 most major economies are in an upswing phase, which is starting to push commodity prices higher, boosting South Africa's exports in volume terms. .
In the first half of 1994 the upturn in activity was negatively affected by exceptional circumstances linked to the major political change in the country. However, the success of the April 1994 elections and the subsequent establishment of the government of national unity (GNU) have removed important obstacles to growth, restoring legitimacy to the governing process and creating a more conducive environment for both domestic as well as foreign investment. .
Furthermore, all financial and trade sanctions against South Africa have been lifted, allowing the country to establish many new trade and financial links, while numerous international companies have reestablished business links. The ongoing reintegration of the South African economy with the economies of the rest of the world is resulting in a rapidly changing and vibrant business environment. .
Within this changing economic environment the government's Reconstruction and Development Programme (RDP) will provide numerous and important economic opportunities. The RDP outlines a long-term development strategy for the country with the focus on growth through development.