South African launch of world’s first agri-focused satellite will generate revenue of $108 million

Johannesburg: The successful launch of the world’s first agri-focused satellite is expected to generate over USD 100 million in revenue, said the Chairperson of the South African Council for Space Affairs. Pontsho Maruping said in a statement on Friday that the launch of the satellite from Cape Canaveral last week was a historical milestone in the South African space regulatory regime since it is the first ever-commercial satellite licensed in South Africa following seven government-sponsored satellites.