A new pistachio powerhouse is emerging in the Karoo region of South Africa, with the potential to become a R3 billion export industry. According to David Muller, CEO of Karoo Pistachios, patient capital, perseverance, and smart partnerships are key to turning South Africa into a global pistachio powerhouse.
The Northern Cape is well-suited for pistachio farming due to its dry climate and rich soil. As the National Department of Agriculture notes, the region has the potential to become a major player in the global pistachio market.
Pistachio Farming in South Africa
Pistachio farming is a relatively new industry in South Africa, but it has been gaining traction in recent years. The industry is expected to create new job opportunities and stimulate economic growth in the region. As the National Treasury reports, the agricultural sector is a significant contributor to South Africa’s GDP.
Benefits of Pistachio Farming
Some of the benefits of pistachio farming include:
- Job creation: Pistachio farming is labor-intensive and can create new job opportunities in rural areas.
- Economic growth: The industry has the potential to stimulate economic growth in the region and contribute to South Africa’s GDP.
- Export opportunities: South Africa can export pistachios to other countries, earning valuable foreign exchange.
In addition to the emergence of the pistachio industry, there have been other significant investments in South Africa’s commercial property sector. For example, Attacq has invested R750 million in Waterfall City, which signals confidence in the sector and the future of mixed-use urban development.
