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SA Inc turns over R1.65 trillion

Johannesburg - The total turnover of all South African industries was estimated at R1.65-trillion in the fourth quarter of last year compared with a revised R1.62-trillion the quarter before‚ Statistics SA’s quarterly financial statistics report showed on Thursday.

All industries excluding agriculture‚ financial intermediation‚ insurance and government institutions are surveyed for the report.

Between the third and fourth quarters of last year‚ turnover rose in four of the eight industries covered in the survey.

The largest increase in turnover was recorded for trade (5.5%)‚ followed by transport‚ storage and communication (4.0%)‚ manufacturing (2.7%) and real estate and other business services (2.3%) (excluding financial intermediation and insurance).

Decreases were recorded for electricity‚ gas and water supply (-28.0%)‚ followed by construction (-6.5%)‚ community‚ social and personal services (excluding government institutions) (-1.4%) and mining and quarrying (-1.2%).

Total inventories at the end of the fourth quarter were estimated at R570.7bn‚ compared with R560.2bn for the revised third quarter‚ representing a 1.9% increase.

The largest increase in inventories was recorded for community‚ social and personal services (excluding government institutions) (10.5%)‚ followed by transport‚ storage and communication (8.4%)‚ electricity‚ gas and water supply (8.1%)‚ construction (5.1%)‚ trade (4.2%) and mining and quarrying (1.4%).

Decreases were recorded for manufacturing‚ and real estate and other business services.

Total capital expenditure on property‚ plant and equipment for the fourth quarter was estimated at R76.9bn‚ compared with R82bn for the revised third quarter‚ showing a 6.2% decrease.

The largest decrease was recorded for electricity‚ gas and water supply (-36.0%)‚ followed by transport‚ storage and communication (-14.2%) and construction (-13.5%).

Increases were recorded for manufacturing (30.9%)‚ followed by trade (22.9%) and mining and quarrying (8.0%).

The total turnover of R1.65-trillion was a 2.3% increase on the R1.61-trillion of the fourth quarter of 2011.  

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