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South Africa Yearlings Final Average Down 0.6%
Overall in Johannesburg, the combination of tough economic conditions, a smaller catalogue & the current export ban due to an outbreak of African Horse Sickness (which kept international buyers away) saw the final aggregate reach R81,750,000 (A$10.219m) which was down 30.3% on last year's R117,310,000 (A$14.664m). However the final average of R240,441 ($30,050) was down just 0.6%% from last year's R241,876 (A$30,200). Bloodstock SA chief executive Jan Naude commented: "Prices were realistic, taking into account the state of the economy. In contrast to last year, vendor buy-backs were not included in the final figures, which also made a difference. With a smaller catalogue, it is difficult to compare apples with apples; however, it is pleasing to note that we maintained the average of 12 months ago."