Media Release<\/b> \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 \u00a017 November 2015<\/b>
\n<\/br>Private sector companies record turnover increases<\/i><\/b><\/p>\n
The total turnover for private sector enterprises1<\/sup> operating in the South African economy increased by 10,9% to R7 766 625 million (R7,8 trillion) in 2014, from R7 001 362 million (R7,0 trillion) in 2013. For the reference period, turnover increased in all industries covered by the Annual Financial Statistics survey.<\/p>\n <\/p>\n The largest percentage increase (+27,5%) was reported in construction, followed by activities auxiliary to financial intermediation, real estate and other business services (excluding financial intermediation, insurance and business services not elsewhere classified) (+13,5%), trade (+11,4%), electricity, gas and water supply (+10,6%), community, social and personal services (excluding government institutions) (+10,6%), mining and quarrying (+10,1%), forestry and fishing (+9,5%), manufacturing (+8,8%) and transport, storage and communication (+6,5%).<\/p>\n \u00a0 <\/i><\/b><\/p>\n Employment costs<\/b><\/p>\n Employment-related costs in private sector enterprises increased by 9,7% from R932 129 million \u00a0(R0,9 trillion) in 2013 to R1 022 329 (R1,0 trillion) in 2014. Construction reported the largest increase (+17,3%), followed by trade (+13,9%), community, social and personal services (excluding government institutions) (+11,9%), electricity, gas and water supply (+9,9%), transport, storage and communication (+9,5%), activities auxiliary to financial intermediation, real estate and other business services (excluding financial intermediation, insurance and business services not elsewhere classified) (+8,9%), forestry and fishing (+8,4%), manufacturing (+6,2%) and mining and quarrying (+4,6%).<\/p>\n \u00a0<\/b><\/p>\n Capital expenditure<\/b><\/p>\n Capital expenditure on assets amounted to R468 418 million in 2014, representing an increase of 2,2% between 2013 and 2014. Five of the nine industries reflected an increase in capital expenditure on assets. The largest increase was reported in community, social and personal services (excluding government institutions) (+31,5%), followed by electricity, gas and water supply (+24,3%), trade (+17,4%), construction (+16,0%) and mining and quarrying (+4,8%). Decreases were reported for manufacturing (-15,5%), forestry and fishing (-11,3%), activities auxiliary to financial intermediation, real estate and other business services (excluding financial intermediation, insurance and business services not elsewhere classified) (-5,6%) and transport, storage and communication (-3,4%).<\/p>\n <\/p>\n 1<\/sup>All industries in the South African economy, excluding agriculture, financial intermediation, insurance, other business services not elsewhere classified, government institutions and educational institutions.<\/p>\n <\/p>\n Ends.<\/b><\/p>\n \u00a0<\/b><\/p>\n The full statistical release is available on the Statistics South Africa website: www.statssa.gov.za<\/a><\/p>\n Issued by Statistics South Africa<\/i><\/b><\/p>\n \u00a0<\/i><\/b><\/p>\n For technical enquiries:<\/b><\/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><\/p>\n <\/p>\n Dr Sagaren Pillay<\/p>\n Executive Manager: Private Sector Financial Statistics<\/p>\n Tel: (012) 310 4619<\/p>\n Cell: 082\u00a0905 2665<\/p>\n Email: SagarenP@statssa.gov.za<\/a><\/p>\n <\/p>\n Ms Amukelani Ngobeni<\/p>\n Manager: Annual Financial Statistics<\/p>\n Tel: (012) 310 2938<\/p>\n Cell: 082 677 4536<\/p>\n Email: AmukelaniN@statssa.gov.za<\/a><\/p>\n <\/p>\n Media enquiries:<\/b><\/p>\n Ms Lesedi Dibakwane<\/p>\n Tel: (012) 310 8578<\/p>\n Cell: 082 805 7088<\/p>\n Email: LesediD@statssa.gov.za<\/a><\/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 \u00a017 November 2015 Private sector companies record turnover increases The total turnover for private sector enterprises1 operating in the South African economy increased by 10,9% to R7 766 625 million (R7,8 trillion) in 2014, from R7 001 362 million (R7,0 trillion) in 2013. For the reference period, turnover increased in read more »<\/a><\/p>\n