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Food and beverage income up 6.4% in April

Total income generated by the food and beverage industry in South Africa increased in nominal terms (current prices) by 6.4% year-on-year (y/y) in April‚ data from Statistics South Africa shows.

24 Jun 2014

There was a small rise in sales of fast-foods in restaurants and takeaways in April figures from Stats SA show. Image: JSCreationzs Free Digital Photos

A breakdown of the data showed that positive annual growth rates were recorded for "other" income (9.6%) and food sales (6.6%).

Total income increased by 4.6% in the three months ended April compared with the three months ended April last year. The main contributors to this increase were takeaway and fast-food outlets‚ and restaurants and coffee shops.

The food and beverages survey is a monthly survey covering a sample of tax-paying public and private enterprises involved in the preparation of meals and drinks for immediate consumption.

The purpose of the survey is to monitor trends in the food and beverage industry. The figures are also used in the analysis of comparative business and industry performance.

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