5) AGRI­CUL­TURAL TRANS­FOR­MA­TION R160BN 490 000

Finweek English Edition - - COVER -

SA has pro­duc­tive, in­ter­na­tion­ally com­pet­i­tive agri­cul­ture and agro-pro­cess­ing sec­tors, and should use this com­par­a­tive ad­van­tage to cap­ture bur­geon­ing de­mand of its agri­cul­tural prod­ucts in Africa, Europe, Asia-Pa­cific, and the Mid­dle East. McKin­sey es­ti­mates there is scope to triple SA’s agri­cul­tural ex­ports to R212bn by 2030, which will boost ru­ral growth and ben­e­fit the nearly one in 10 South Africans who de­pend on sub­sis­tence or small­holder farm­ing.

A num­ber of SA’s ex­ist­ing agri­cul­tural ex­port mar­kets, no­tably SSA and Asia, are grow­ing rapidly as large pop­u­la­tions join the con­sum­ing class, ac­cord­ing to McKin­sey. The op­por­tu­nity lies pri­mar­ily in fruits, bev­er­ages, an­i­mal prod­ucts and ce­re­als, it said, and SA needs to im­prove its com­pet­i­tive­ness in ar­eas such as poul­try.

ed­i­to­rial@fin­week.co.za

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