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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).

18 Feb 2014

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

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.

We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.

Go to: http://www.inet.co.za