Page 44 - Demo

Estimates of the Provincial Revenue and Expenditure (EPRE) %u2013 2025/26 Financial YearTable 1.11: Eastern Cape GVA share by Industry (%) Source: Quantec (2024) According to the National Treasury Spatial Economic Activity Database based on SARS tax data, several sectors within the Eastern Cape economy possess potential to emerge and grow. These include construction, electricity and gas, transport and storage, and the digital economy. Selected Quarterly Industry Performance and Employment Agriculture: Agriculture is one of the key sectors in the province in terms of employment and exports. The sector has also proven to be resilient in its ability to rebound from negative shocks related to weather, animal diseases, energy price shocks and disruptions to international trade. The sector has also been key in sustaining some level of economic growth and employment in the province for most of the quarters in 2024. Figure: 1.17: Agric-sector Performance, 2024 Source: Stats SA QLFS and Quantec (2024) In quarter 4 of 2024 the sector rebounded from an earlier decline recorded in Q3 growing by 4.3 per cent on account of increased activity in field crops and animal products. Despite the quarterly growth in output, overall agriculture employment in the province declined by -27 per cent 4,3- 6,5-27-6-30,0-25,0-20,0-15,0-10,0-5,00,05,010,0Q4 2024 Year 2024EC Agriculture - Ouput growth (%) EC Agriculture - Employment change (%)23