5) AGRICULTURAL TRANSFORMATION R160BN 490 000
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.