Agricultural Market Viewpoint with Wandile Sihlobo

There are positive prospects for farm jobs in SA


Listen Later

South Africa's agriculture is on its recovery path, supported by favourable rainfall and progress in controlling the spread of animal diseases, amongst other contributing factors. The previous 2023-24 production season was challenging, characterised by the mid-summer drought and animal diseases that added immense pressure to the sector.

The jobs data for the fourth quarter of 2024 illustrate the difficulty the sector experienced, although much milder than we anticipated. For example, primary agriculture employment fell by 1% from the third quarter to 924k jobs in the last quarter of 2024. The field crops, game and hunting, and forestry are the subsectors that registered notable losses.

However, from an annual perspective, the employment was roughly unchanged from the last quarter of 2023. Positively, the primary agricultural employment of 924k people is well above the long-term jobs of 799k.

Given the resilience of recent quarters' job performance, it is possible that we may see a recovery in employment conditions in 2025, assuming that there aren't pressing trade-related challenges that will weigh on the sector's profitability in the near term. The mild increase in the minimum wage this year, while challenging for some commodities and adding to already higher input cost pressures, may also not be a major hindrance.

Listen to the podcast for more insights.

Richard Humphries and Sam Mkokeli produce this podcast. Wandile Sihlobo website
...more
View all episodesView all episodes
Download on the App Store

Agricultural Market Viewpoint with Wandile SihloboBy The Xchange Platform


More shows like Agricultural Market Viewpoint with Wandile Sihlobo

View all
We Study Billionaires - The Investor’s Podcast Network by The Investor's Podcast Network

We Study Billionaires - The Investor’s Podcast Network

3,393 Listeners

Bloomberg Surveillance by Bloomberg

Bloomberg Surveillance

1,176 Listeners

HBR IdeaCast by Harvard Business Review

HBR IdeaCast

166 Listeners

The Money Show by Radio 702

The Money Show

35 Listeners

TED Business by TED

TED Business

1,110 Listeners

The Gareth Cliff Show by The Real Network

The Gareth Cliff Show

64 Listeners

UBS On-Air: Market Moves by Client Strategy Office

UBS On-Air: Market Moves

178 Listeners

BizNews Radio by BizNews

BizNews Radio

16 Listeners

On Purpose with Jay Shetty by iHeartPodcasts

On Purpose with Jay Shetty

27,948 Listeners

Thoughts on the Market by Morgan Stanley

Thoughts on the Market

1,291 Listeners

SMWX by Sizwe Mpofu-Walsh

SMWX

11 Listeners

MoneywebNOW by Moneyweb Radio

MoneywebNOW

6 Listeners

A Bit of Optimism by Simon Sinek

A Bit of Optimism

2,129 Listeners

Ideas That Matter Podcast by Vusi Thembekwayo by Vusi Thembekwayo

Ideas That Matter Podcast by Vusi Thembekwayo

128 Listeners

What Now? with Trevor Noah by Trevor Noah

What Now? with Trevor Noah

4,210 Listeners