Total food, bev income up 6.2% in Jan

19 Mar 2013

Total income generated by SA's food and beverages industry‚ measured in nominal terms‚ rose by 6.2% year on year in January‚ Statistics SA's food and beverages report showed on Monday, 19 March 2013.

The food and beverages survey is conducted monthly and covers a sample of public and private enterprises involved in the preparation of meals and drinks for immediate consumption in the country. It is used to monitor trends in the food and beverages industry.

The results of the survey are used to compile estimates of the tourism satellite accounts and the gross domestic product and its components.

The highest annual growth rate was recorded for bar sales (11.0%) followed by other income (7.6%) and food sales (5.7%).

The highest annual growth rate in January this year was recorded for takeaway and fast-food outlets‚ which contributed 3.6 percentage points‚ followed by catering services with a 0.8 of a percentage point contribution‚ and restaurants and coffee shops‚ contributing 1.8 percentage points.

Total income increased by 8.8% in the three months ended January this year compared with the three months ended January last year.

The main contributors to this increase were takeaway and fast-food outlets with 4.6 percentage points; and restaurants and coffee shops‚ with a 3.3 percentage points contribution.

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