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Food and beverage income up 5.2% in October

Measured in current prices‚ total income generated by the food and beverages sector in SA increased by 5.2% in October compared with the same period last year according to data released by Statistics SA.

10 Dec 2013

Income in the food and beverages sector was higher in October. Image: Master Isolated Images Free Digital Photos

Positive annual growth was recorded for "other" income (45.8%) and food sales (4.9%) while bar sales remained largely unchanged.

In October‚ the highest annual growth rates were recorded for takeaway and fast-food outlets (5.4% and contributing 2.0 percentage points) and restaurants and coffee shops (5.1% and contributing 2.3 percentage points).

Total income increased by 5.8% in the three months ended October compared with the the same period last year. The main contributors were takeaway and fast-food outlets (8.1% and contributing 2.9 percentage points) and restaurants and coffee shops (4.9% and contributing 2.2 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