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The Weekly Update EP:03 Khaya Sithole returns to talk on the latest news over the past week.

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    Food and beverages income reaches R4.5bn in December

    Total income generated by the food and beverages sector in SA increased in nominal terms (current prices) by 1.4% year-on-year (y/y) to R4.5bn in December‚ Statistics SA's data showed on Monday (17 February).
    The food and beverage sector reported revenues of R4.5bn in December. Image: Cooldesign
    The food and beverage sector reported revenues of R4.5bn in December. Image: Cooldesign Free Digital Photos

    This represented a 7.0% y/y increase from the R3.9bn generated in November.

    The only positive annual growth was recorded for food sales‚ which increased 2.8%. In December‚ positive annual growth rates were reported for takeaway and fast-food outlets (3.6% and contributing 1.3 percentage points); and restaurants and coffee shops (3.5% and contributing 1.7 percentage points).

    Total income increased by 4.0% in the fourth quarter of last year compared with the fourth quarter of 2012.

    Positive contributors to this increase were takeaway and fast-food outlets (6.3% and contributing 2.3 percentage points); and restaurants and coffee shops (5.0% and contributing 2.3 percentage points).

    Source: I-Net Bridge

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