Key findings: P1101 - Agricultural survey, 2024

Income

Total income earned in the agriculture and related services industry was R537,1 billion in 2024 compared with R489,6 billion in 2023. This reflects an increase of 9,7% between 2023 and 2024. In 2024, ‘animals and animal products’ generated the largest sales (R206,5 billion), followed by ‘horticultural crops and products’ (R131,3 billion) and ‘field crops’ (R114,6 billion).

 

Large enterprises contributed 65,8% (R353,4 billion) to the total income in 2024, followed by small enterprises with a contribution of 19,8% (R106,1 billion). Medium and micro enterprises contributed 8,6% (R46,3 billion) and 5,8% (R31,3 billion) respectively.

 

Expenditure

Total expenditure incurred by the agriculture and related services industry in 2024 was R511,3 billion compared with R460,0 billion in 2023 (an increase of 11,1%). The largest contributor to total expenditure was ‘purchases’ (53,0% of the total), followed by ‘salaries and wages’ (11,6%), ‘repairs and maintenance’ (4,9%) and ‘depreciation’ (4,9%).

 

Employment

The total number of persons employed in the agriculture and related services industry as at the end of June 2024 was 840 407 compared with 814 793 in June 2023, an increase of 3,1%.