{"id":11779,"date":"2018-11-20T11:28:26","date_gmt":"2018-11-20T09:28:26","guid":{"rendered":"http:\/\/www.statssa.gov.za\/?p=11779"},"modified":"2018-11-20T11:28:26","modified_gmt":"2018-11-20T09:28:26","slug":"private-sector-companies-record-turnover-increases","status":"publish","type":"post","link":"https:\/\/www.statssa.gov.za\/?p=11779","title":{"rendered":"Private sector companies record turnover increases"},"content":{"rendered":"

Media release\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a020 November 2018<\/strong>\u00a0<\/strong><\/p>\n

Private sector companies record turnover increases<\/em><\/strong><\/p>\n

The total turnover for private sector enterprises1<\/sup> operating in the South African economy increased by 6,0% to R9 369\u00a0199 million (R9,4\u00a0trillion) for 2017 from R8 836\u00a0493 million (R8,8 trillion) in 2016. For the reference period, turnover increased in all industries covered in the Annual Financial Statistics 2017 report released by Statistics South Africa today.<\/p>\n

The largest percentage increase (+13,1%) was reported in forestry and fishing, followed by mining and quarrying (+12,9%), electricity, gas and water supply (+10,6%), community, social and personal services2<\/sup> (+9,5%), construction (+8,6%), manufacturing and activities auxiliary to financial intermediation, real estate and other business services3<\/sup> (+6,9%), transport, storage and communication (+5,6%) and trade (+3,2%).\u00a0 <\/em><\/strong><\/p>\n

Employment-related costs in private sector enterprises increased by 6,2% to R1,3 trillion\u00a0 in 2017 from R1,2 trillion in 2016. Electricity, gas and water supply reported the largest increase (+13,2%), followed by forestry and fishing (+10,3%), construction (+10,1%), community, social and personal services2<\/sup> (+9,1%), activities auxiliary to financial intermediation, real estate and other business services3<\/sup> (+8,9%), mining and quarrying (+6,8%), manufacturing (+6,0%), transport, storage and communication (+2,8%) and trade (+2,2%).\u00a0<\/strong><\/p>\n

Capital expenditure on assets amounted to R511,2 billion in 2017 from R497,7 billion in 2016, representing an increase of 2,7%. Eight of the nine industries reflected an increase in capital expenditure on assets. The largest increase was reported in construction (+28,6%), followed by community, social and personal services2<\/sup> (+24,8%), activities auxiliary to financial intermediation, real estate and other business services3<\/sup> (+18,2%), electricity, gas and water supply (+10,6%), forestry and fishing (+10,2%), manufacturing (+10,1%), trade (+1,7%) and transport, storage and communication (+1,3%). A decrease was reported for mining and quarrying (-27,0%).<\/p>\n

The carrying value of property, plant and equipment and intangible assets amounted to R3,1 trillion in 2017 from R2,9 trillion in 2016, an increase of 8,2%. The largest increase was reported in construction (+28,1%), followed by electricity, gas and water supply (+17,3%), forestry and fishing (+11,7%), activities auxiliary to financial intermediation, real estate and other business services3<\/sup> (+10,5%), community, social and personal services2<\/sup> (+8,9%), trade (+8,5%), transport, storage and communication (+6,3%), manufacturing (+3,2%) and mining and quarrying (+2,2%).<\/p>\n

Ends.<\/strong><\/p>\n

The full statistical release is available on the Statistics South Africa website: www.statssa.gov.za<\/a><\/u>\u00a0\u00a0<\/em><\/strong><\/p>\n

Issued by Statistics South Africa<\/em><\/strong>\u00a0<\/em><\/strong><\/p>\n

For technical enquiries:<\/strong><\/p>\n

Mr Joe de Beer<\/p>\n

Deputy Director General: Economic Statistics<\/p>\n

Tel: (012) 310 8024<\/p>\n

Cell: 082\u00a0888 2600<\/p>\n

Email: JoeDB@statssa.gov.za<\/a><\/u><\/p>\n

 <\/p>\n

 <\/p>\n

Dr Sagaren Pillay<\/p>\n

Chief Director: Private Sector Financial Statistics<\/p>\n

Tel: (012) 310 4619<\/p>\n

Cell: 082\u00a0905 2665<\/p>\n

Email: SagarenP@statssa.gov.za<\/a><\/u><\/p>\n

 <\/p>\n

Ms Amukelani Ngobeni<\/p>\n

Director: Annual Financial Statistics<\/p>\n

Tel: (012) 310 2938<\/p>\n

Cell: 082 677 4536<\/p>\n

Email: AmukelaniN@statssa.gov.za<\/a><\/u><\/p>\n

 <\/p>\n

 <\/p>\n

Media enquiries:<\/strong><\/p>\n

Ms Lesedi Dibakwane<\/p>\n

Director: Media Relations<\/p>\n

Tel: (012) 310 8578<\/p>\n

Cell: 082 805 7088<\/p>\n

Email: LesediD@statssa.gov.za<\/p>\n

 <\/p>\n

 <\/p>\n

1<\/sup>All industries in the South African economy, excluding agriculture, hunting, financial intermediation, insurance, pension funding, other business services<\/p>\n

not elsewhere classified, government and educational institutions.<\/p>\n

2<\/sup>Excluding government and educational institutions.<\/p>\n

3<\/sup>Excluding financial intermediation, insurance, pension funding and business services not elsewhere classified.<\/p>\n","protected":false},"excerpt":{"rendered":"

Media release\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a020 November 2018\u00a0 Private sector companies record turnover increases The total turnover for private sector enterprises1 operating in the South African economy increased by 6,0% to R9 369\u00a0199 million (R9,4\u00a0trillion) for 2017 from R8 836\u00a0493 million (R8,8 trillion) in 2016. For the reference period, turnover increased in all industries covered in the Annual   read more »<\/a><\/p>\n

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