24 November, 2014
Higher turnover despite decrease in number of enterprises
The results on what drives income and expenditure in selected
industries have been published in the Statistics South Africa's Annual
financial statistics (AFS) report.
It provides an indication of the financial health and performance of
the selected industries, including information on turnover, purchases,
and capital expenditure. The report sources data from the financial
statements of enterprises (i.e. private businesses and public
corporations) in all industries, with the exclusion of government
institutions and financial intermediation, insurance and business
services not elsewhere classified.
The total turnover measured for the selected industries increased by
8,9%, from R6,4 trillion in 2012 to just under R7,0 trillion in 2013,
despite a decrease of 11 324 enterprises between the two years*.
Enterprises in the electricity, gas and water supply industry
experienced the largest percentage increase in turnover (+12,5%).
Other industries that reported significant percentage increases in
turnover were auxiliary to financial intermediation, real estate and
other business services (+11,7%); community, social and personal
services (+10,6%); and trade (+10,3%). However, there was a decrease of
1,3% in turnover reported in the mining and quarrying industry.
Total purchases amounted to just over R4 trillion in 2013,
representing an increase of 11,7% compared to 2012. Increases in
purchases were reported by all industries, the top three being
electricity, gas and water supply (+26,4%), followed by construction
(+16,5%), and trade (+12,4%).
Capital expenditure on assets amounted to R0,4 trillion in 2013,
representing an increase of 8,0% between 2012 and 2013. The top three
industries that reported the largest increases in capital expenditure
were forestry and fishing (+38,3%), followed by community, social and
personal services (+35,6%), and transport, storage and communication
The industries that reported the highest increases in turnover also
reported decreases in capital expenditure. Notably these were activities
auxiliary to financial intermediation, real estate and other business
services (-10,7%); and electricity, gas and water supply (-1,5%).
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*The number of enterprises excludes government institutions, as
well as financial intermediation, insurance and business services not