{"id":242127,"date":"2018-05-13T15:38:03","date_gmt":"2018-05-13T13:38:03","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=242127"},"modified":"2018-05-11T15:56:01","modified_gmt":"2018-05-11T13:56:01","slug":"the-biggest-players-in-south-africas-retail-industry","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/242127\/the-biggest-players-in-south-africas-retail-industry\/","title":{"rendered":"The biggest players in South Africa’s retail industry"},"content":{"rendered":"

Following the recent release of its latest retail trade sales publication, Statistics South Africa has compiled a new fact sheet focusing on the biggest aspects of the retail industry.<\/p>\n

According to the report, the industry generated R1 trillion in sales in 2017 – translating to about R31,900 spent per second across the industry over the course of the year.<\/p>\n

“Consumers weren\u2019t shy to spend a little more in 2017 than they did in 2016,” Stats SA said<\/p>\n

“Spending on retail was up by 2.9% in 2017 compared with 2016 in volume terms (constant prices), higher than the 1.7% annual growth recorded in 2016, but lower than the 3.3% in 2015,” it said.<\/p>\n

According to Stats SA, stores specialising in food and beverages had particular reason to smile.<\/p>\n

They saw their sales rise by 5.0% in 2017, the second largest annual growth rate recorded across various store types, after the miscellaneous \u2018all other retailers\u2019 category. Hardware stores, however, saw a decline in sales.<\/p>\n

Despite general dealers experiencing lacklustre growth of only 1.1% in 2017, they dominated the industry in terms of sales value. For every R100 that consumers spent at retail stores in 2017, R44 was spent at general dealers, which includes supermarkets.<\/p>\n

The second largest contributor was stores specialising in clothing and textiles, contributing R18 for every R100 of total sales.<\/p>\n

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Spending money<\/strong><\/p>\n

Looking at slightly older data, a\u00a0detailed list of products shows meat as the most popular commodity in the retail trade industry, contributing 8.1% to total sales income in 2014\/15.<\/p>\n

Pharmaceutical goods and female clothing were the second and third most popular products with 5.4% and 5.0% of total sales respectively.<\/p>\n

The top eleven products that contributed half of total sales income are shown below.<\/p>\n

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Employees<\/strong><\/p>\n

In 2014\/15, over one-third of the 812,104 individuals working in retail were employed in non-specialised stores (such as supermarkets). Clothing stores were second, employing 23% of the retail workforce.<\/p>\n

Unsurprisingly these non-specialised stores have the highest number of employees but the lowest salaries.<\/p>\n

The average annual salary for a person working in a non-specialised store was R66,044 in 2014\/15, lower than the average of R93,632 for the entire retail trade industry.<\/p>\n

Employees in the pharmaceutical industry are by far the highest earners with an average salary of R156,107.<\/p>\n

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Read: How much it costs to open the 10 most popular fast food franchises in South Africa<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Following the recent release of its latest retail trade sales publication, Statistics South Africa has compiled a new fact sheet focusing on the biggest aspects of the retail industry.<\/p>\n","protected":false},"author":10,"featured_media":200836,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872],"tags":[26],"class_list":["post-242127","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/242127","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=242127"}],"version-history":[{"count":19,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/242127\/revisions"}],"predecessor-version":[{"id":242533,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/242127\/revisions\/242533"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/200836"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=242127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=242127"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=242127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}