The road passenger transport employment in South Africa experienced significant fluctuations from 2013 to 2023. Starting at 195.25 thousand jobs in 2013, the employment trend saw a notable drop in 2014 and 2015, reaching a low of 148.77 thousand jobs by 2017. A resurgence occurred, peaking at 241.16 thousand jobs in 2019 before slightly declining during 2020 at the onset of the global pandemic. From 2021 to 2023, the employment figures gradually increased, stabilizing at 231.76 thousand jobs by 2023.
Key Trend Points:
- Year-on-year variation in 2022: 1.7%
- Year-on-year variation in 2023: 1.64%
- 5-year CAGR up to 2023: 7.01%
- Forecasted 5-year growth rate: 6.52%
- Forecasted 5-year CAGR: 1.27%
Future trends to watch for include the potential impact of technological advancements on employment figures, such as the rise of autonomous vehicles and smart public transport systems. Additionally, economic conditions and policy changes within the transport sector may influence job growth dynamics in the coming years.
