Agriculture
Background
Based on the exponential global population growth and the human need to consume food to survive, agriculture is set to be an industry that will always be in demand. Agriculture is the backbone of food security; therefore, it is imperative that nations invest in maintaining its stability. In South Africa, the Agriculture Sector accounts for 4% of GDP and recorded a growth of 27.8% in the first quarter of 2020 despite the negative impact of the COVID-19 pandemic across the economy. Sixty percent of the global total of arable land is found in Africa, therefore the continent could become a net exporter of agricultural commodities, replacing US$110 billion worth of imports.
Opprotunities
The disruptive technology in the sector includes precision agriculture, connected supply chain, digital marketplace and autonomous operations.”