Thursday, August 20, 2026
Subscribe
The Brief | Namibia's Leading Business & Financial News
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • E-PAPERreader
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • E-PAPERreader
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
Subscribe
No Result
View All Result
Home Latest

South Africa cannabis industry could create 25,000 jobs

by editor
December 6, 2021
in Latest
5
A A

The industrial cannabis/hemp industry has immense growth potential in South Africa; and the continent as a whole, due to favourable climates, affordable land and relatively low labour costs, notes law firm Cliffe Dekker Hofmeyr.

However, due to the nature of the product, the prospective prosperity of the industry depends on a clear regulatory regime – the inner workings of which are still in the developmental phase, according to André de Lange, head of the Agriculture, Aquaculture & Fishing sector at Cliffe Dekker Hofmeyr (CDH), who recently facilitated a webinar entitled: ‘A Pragmatic Approach to South Africa’s Hemp Industry’.

The webinar provided a snapshot of the Hemp regulatory landscape; presented by Shaad Vayej, an associate in CDH’s Dispute Resolution practice, followed by an overview of the opportunities that the sector presents for the country, provided by industry stalwart and Hemporium founder, Tony Budden. Liëtte van Schalkwyk, an associate in CDH’s Dispute Resolution practice, concluded the webinar by extracting important learnings from the industrial Cannabis industry in Lesotho.

Vayej argued that; amongst other factors, South Africa’s track record of innovation in agriculture, relatively low blue and white-collar labour costs and increasingly transparent legal and compliance framework, makes for a low-cost, high-quality destination for domestic and export-orientated Cannabis activities.

However, the transformative economic potential of the industry depends greatly on the development of integrated value chains with significant buy-in from existing domestic and international investors. Agro-processing businesses and secondary manufacturers are essential to this value chain – a reality taken into account in South Africa’s Cannabis Master Plan.

“The Cannabis Master Plan aims to provide a broad framework for the development and growth of the South African cannabis industry in order to contribute to economic development, job creation, inclusive participation, rural development, and poverty alleviation. In pragmatic terms, the State recognises that conservative estimates indicate that 25,000 jobs could be created across the various value chains,” Vayej said.

Hemp, being cannabis cultivated primarily for industrial purposes, has been declared an agricultural crop under the Plant Improvement Act 53 of 1976, a legal framework for import, export, cultivation, distribution, sale and research of hemp and hemp propagating material in South Africa for agricultural and industrial purposes.

Consequently, the Department of Agriculture, Land Reform and Rural Development released Guidelines that facilitate hemp permit applications and mandate extensive record-keeping, annual reporting, notification and compliance with activity-specific permit conditions.

Transparency and traceability remain the state’s key concerns, which has invariably led to a number of legislative limits placed on Hemp production as well as a degree of bureaucracy – a potential pitfall faced by the local Cannabis industry.

What is missing from the current regulatory framework, is an over-arching Act – a legal instrument that could potentially go a long way in catalysing the development of the country’s fledgling industry.

The latter sentiment was echoed by Tony Budden, whose portion of the webinar was dedicated to the opportunities that exist within the industry, as it negotiates its ‘place in the sun’ amongst South Africa’s more developed agricultural sub-sectors.

Budden said that a “simple Act” that enabled rather than controlled or curtailed the rapid growth of the industry was needed. In Budden’s opinion, only when this piece of legislation comes to fruition, can South Africa realise the economic growth potential and the job creation that the industry can and will support.

“The act will be our starting point. Regulations are more complex, but they can be changed and will evolve as the industry develops. The most important thing right now is for us to start somewhere because ultimately we are playing catch-up to the rest of the world,” said Budden.

The key is not for industry stakeholders to focus too heavily on cultivation but to shift their focus to include the preparation of the raw material for consumption and invest in the manufacturing aspect of the industry.

Van Schalkwyk agreed that the South African regulatory framework focuses too much on control and too little on enablement. This, for van Schalkwyk is a key lesson for the State, if it is to realise any success.

“A one size fits all approach to the Act governing the industry will provide a workable, foundational model for strict and evolving regulations.” Echoing the sentiments of Budden, she remarked that, “the Act doesn’t have to be perfect – the State simply needs to put pen to paper.”-bustech

author avatar
editor
See Full Bio
Previous Post

IMF’s chief economist warns that variants could derail global recovery

Next Post

Latest Sanlam deal. Here’s why it’s happening

Must Read

Bright yellow license plates with large black numbers stacked diagonally in the frame, overlapping each other.
Latest

Govt plans new national standard for vehicle number plates

August 20, 2026
Straight highway through a desert landscape under a blue sky with a few clouds.
Latest

Roads Authority targets N$2.1bn upgrade of nine Oshana roads

August 20, 2026
Smiling woman with a black top and gold jewelry against a dark blue studio backdrop.
Latest

The bankability bridge: Turning Namibia’s economic potential into SME participation

August 18, 2026
Construction workers in high-visibility vests along a dirt road under construction beside a busy highway; muddy tire tracks, piles of soil, and distant hills.
Latest

Auas Road Phase 3 kicks off, targets major expansion over next 12 months

August 18, 2026
Construction-site fence with a Namibian Competition Commission banner in front of a modern brick building; street signs show Marien Ngouabi St and Wisserstraat.
Latest

Namibia’s merger rules out of step with regional peers despite proposed increase

August 17, 2026
Why Namibia urgently needs consumer protection laws on home auctions
Latest

Blood is no longer thicker than water

August 14, 2026
Load More

Related News

FNB Namibia appoints Nangula Kauluma and Sepo Haihambo as CEOs

FNB Namibia appoints Nangula Kauluma and Sepo Haihambo as CEOs

January 26, 2024
Eskom seeks partners for R1 trillion energy transition

Eskom seeks partners for R1 trillion energy transition

July 27, 2022
EOS Capital portfolio generates N$6bn in revenue, creates over 1,600 jobs

Namibia’s mineral exports: Growing narrower, not stronger

June 4, 2026

Browse by Category

  • Africa
  • Agriculture
  • Analysis
  • Business & Economy
  • Columnists
  • Companies
  • Finance
  • Finance
  • Fisheries
  • Green Hydrogen
  • Health
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • Namibia
  • namibia
  • News
  • Opinions
  • Property
  • Retail
  • Technology
  • Tourism
  • Trade
The Brief | Namibia's Leading Business & Financial News

The Brief is Namibia's leading daily business, finance and economic news publication.

CATEGORIES

  • Business & Economy
  • Companies
    • Agriculture
    • Finance
    • Fisheries
    • Health
    • Property
    • Retail
    • Technology
    • Tourism
    • Trade
  • Finance
  • Green Hydrogen
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • namibia
  • News
    • Africa
    • Namibia
  • Opinions
    • Analysis
    • Columnists

CONTACT US

Cell: +264814612969

Email: newsdesk@thebrief.com.na

© 2026 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Companies
  • Mining & Energy
  • Business & Economy
  • Opinions
    • Analysis
    • Columnists
  • Africa

© 2026 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.