Absa's Roux Wildenboer explores the role technology can play in evolving the Agri sector.
Maximising yields and profits require agricultural investment – which is why South African farmers are opting for agri-tech.
In this instalment of the 2019 Absa Insights Series, Roux Wildenboer, Head: Agriculture, Absa CIB leads a panel discussion that unpacks the opportunities available.
- Demand for food across the globe is already very high and will increase year-on-year. This is therefore a sector that will continue to grow.
- Agriculture is capital-intensive. World-leading businesses in this sector are driven by technology, which improves processes and therefore reduces costs.
- A recent development is drone technology, which is used for spraying crops in South Africa.