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Food, beverage sales rise by 3.6%

Measured in nominal terms - or at current prices - total income generated by the food and beverages industry in South Africa increased by 3.6% in April compared with the previous year‚ data released by Statistics South Africa on Tuesday (18 June) showed.

19 Jun 2013

Positive annual growth rates were recorded for food sales (4.0%)‚'other' income (1.3%) and bar sales (0.6%)‚ Stats SA said.

The highest annual growth rates in April were recorded for takeaway and fast-food outlets (7.2% and contributing 2.5 percentage points) and catering services (6.3% and contributing 1.0 percentage point).

Total income increased by 6.6% in the three months ended April compared with the same three months last year‚ with the main contributors to this increase being takeaway and fast-food outlets (11.0% and contributing 3.8 percentage points)‚ restaurants and coffee shops (3‚8% and contributing 1‚8 percentage points); and catering services (5.8% and contributing 1.0 percentage point).

Source: I-Net Bridge

For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.

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