Food and bar sales contributed significantly‚ with positive annual growth rates for bar sales recorded at 0.4% and at 8.1% for food sales.
'Other' income decreased by 11.8% over the same period.
The total income generated by the food and beverages industry increased by 8.9% for the three months ended July this year compared with the same period last year.
Positive annual growth rates were recorded for food sales (9.6%) and bar sales (5.9%)‚ while 'other' income decreased by 8.3% over the same period.
In terms of sectors‚ the main contributor to the annual growth rate of 7.0% in total income for July was takeaway and fast-food outlets with a 10.6% y/y rise and contributing 3.7 percentage points; followed by restaurants and coffee shops with a 5.0% increase and a 2.4 percentage point contribution. Catering services also contributed to the year-on-year growth‚ increasing 5.2% y/y and contributing 0.9 of a percentage point.
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
