StatsSA has released its reports on the Food & Beverage Sector and Liquidations & Insolvencies for July 2022.
Measured in real terms (constant 2019 prices), total income generated by the food and beverages industry increased by 20,8% in June 2022 compared with June 2021. The largest annual growth rates were recorded for:
- ‘other’ income (35,4%); and
- income from food sales (21,6%).
Year-on-year percentage change in food and beverages income at constant 2015 prices by type of enterprise
In June 2022, the main contributor to the 20,8% year-on-year increase was restaurants and coffee shops (18,6% and contributing 9,0 percentage points).
Food and beverages income at constant 2015 prices for the latest three months by type of enterprise
Total income increased by 13,3% in the second quarter of 2022 compared with the second quarter of 2021. The main contributors to this increase were:
- restaurants and coffee shops (10,2% and contributing 5,1 percentage points); and
- takeaway and fast-food outlets (12,4% and contributing 4,4 percentage points).
Seasonally adjusted income for the food and beverages industry increased by 0,1% in June 2022 compared with May 2022. This followed month-on-month changes of 0,3% in May 2022 and 4,1% in April 2022.
View the full publication https://www.statssa.gov.za/publications/P6420/P6420June2022.pdf
StatsSA Liquidations & Insolvencies reports for July 2022
The total number of liquidations remained unchanged between July 2021 and July 2022. The number of liquidations increased by 2,0% in the three months ended July 2022 compared with the three months ended July 2021. A decrease of 5,5% was recorded in the first seven months of 2022 compared with the first seven months of 2021.
View the full publication: https://www.statssa.gov.za/publications/P0043/P0043July2022.pdf
Commenting on the statistics, Rosemary Anderson, FEDHASA National Chair says: “It is heartening to see that the hospitality sector is showing good growth year on year, however, it needs to be emphasised that this is coming off a very low base (June 2021), where it was a time when the Covid-19 restrictions were having a severely detrimental effect on hospitality and tourism, causing the loss of many thousands of jobs and business closures.
“Government needs to now do everything it can to promote and smooth the pathway for our tourism and hospitality industry to capitalise strongly on our summer 2022-2023 tourism trade – so our sector can redeem the financial integrity of our businesses. So many businesses in our sector are still financially vulnerable and compromised, due to the government restrictions imposed on us for over two years.”
