The Passenger Transport Employment in South Africa has witnessed fluctuations over the last decade. Starting from a peak of 239.3 thousand jobs in 2013, it saw a significant decline until 2017, reaching a low of 186.99 thousand jobs. A moderate recovery began in 2018, with some fluctuations, but showing positive signs since 2019. By 2023, the employment figure is at 268.31 thousand jobs, reflecting a steady growth trend with year-on-year increases of around 1.53% to 1.47% over the past two years.
Looking ahead, the employment in this sector is forecasted to increase gradually from 2024 onwards, reaching approximately 288.66 thousand jobs by 2028. The forecasted 5-year CAGR of 1.15% suggests a steady, albeit modest, growth rate of around 5.9% over the next five years.
Future trends to watch for:
- Impact of economic policies and investments in transport infrastructure.
- Technological advancements and automation in the passenger transport sector.
- The potential increase in demand for sustainable and alternative modes of transportation.
- Recovery patterns post-pandemic and their long-term effects on employment.
