Total turnover in the private sector economy rose by over 8% in the 2013 financial year, Statistics SA (Stats SA) said on Wednesday.<\/p>\n
“Turnover was estimated at R7 trillion, the purchases were R4.1 trillion,” Stats SA private sector statistics manager Krisseelan Govinden said in Pretoria.<\/p>\n
Between 2012 and 2013 total turnover increased 8.9 percent, from R6.4 trillion to R7 trillion.<\/p>\n
“Of the nine industries covered, eight had increases while mining reflected a decrease.”<\/p>\n
Govinden was releasing the findings of the 2013 annual financial statistics (AFS) survey. It collects a range of financial statistics for enterprises in South Africa’s formal business sector.<\/p>\n
The purpose of the AFS is to derive a set of measures of industry performance based on information available from financial statements.<\/p>\n
The largest increase in turnover, more than 12%, was recorded in the electricity, gas, and water supply sector.<\/p>\n
That sector was followed by activities auxiliary to financial intermediation, real estate, and other business services, with an 11.7% increase.<\/p>\n
Other increases were recorded in the trade, manufacturing, construction, transport, forestry, and fishing sectors.<\/p>\n
A decrease of 1.3% was noted in the mining and quarrying industry.<\/p>\n
The AFS 2013 estimates were based on enterprises with financial years ending on any date between July 1, 2012 and June 20, 2013.<\/p>\n
The estimates were preliminary and could be revised on the basis of information received by Stats SA.<\/p>\n
Capital spending on assets amounted to R417,592 million in 2013, representing an increase of eight percent between 2012 and 2013.<\/p>\n
Seven of the nine industries reflected an increase in capital expenditure on assets.<\/p>\n
The largest increase was reported in forestry and fishing.<\/p>\n
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