Total income generated by the food and beverages (excluding manufacturing) industry increased by 13,6% in March 2022 compared with March 2021, according to Statistics SA. The industry came to a complete stop because of COVID19 and lockdown restrictions. The income was in the region of R3 Billion in March 2019, almost R 0 Billion in March 2020 and now slowly getting back at R1.8 Billion in March 2022.
The Food and Beverages Manufacturing SETA (FoodBev SETA) puts total industry turnover at R61.95 Billion. This is out of 13 987 registered companies.
The industry employs 256 344 people of which food preparation has the highest share contributing 47%. Future challenges and opportunities lie in rapid adoption of food technologies and digitisation (WEF, 2020). Job opportunities lie in understanding of digital supply chains, relationship management and digital skills.
Economics and Finance SA 