IMPROVING LIVES THROUGH DATA ECOSYSTEMS

The total turnover of annual financial statistics (AFS) industries1 was estimated at R7 766 625 million (R7,8 trillion) for 2014, an increase of 10,9% compared with the revised estimate of R7 001 362 million (R7,0 trillion) for 2013. 

Between 2013 and 2014 turnover increased in all industries covered by the survey. The largest percentage increase (+27,5%) was reported in construction, followed by activities auxiliary to financial intermediation, real estate and other business services (excluding financial intermediation, insurance and business services not elsewhere classified) (+13,5%), trade (+11,4%), electricity, gas and water supply (+10,6%), community, social and personal services (excluding government institutions) (+10,6%), mining and quarrying (+10,1%), forestry and fishing (+9,5%), manufacturing (+8,8%) and transport, storage and communication (+6,5%).

Purchases amounted to R4 662 965 million in 2014, representing an increase of 11,8% compared with the revised estimate for 2013. Increases were reported by all industries covered by the survey. Construction reported the largest increase (+40,7%), followed by activities auxiliary to financial intermediation, real estate and other business services (excluding financial intermediation, insurance and business services not elsewhere classified) (+17,1%), trade (+11,4%), manufacturing (+9,7%), community, social and personal services (excluding government institutions) (+9,7%), mining and quarrying (+9,4%), transport, storage and communication (+8,7%), forestry and fishing (+7,8%) and electricity, gas and water supply (+7,6%).

Employment cost amounted to R1 022 329 million in 2014, representing an increase of 9,7% compared with the revised estimate for 2013. Construction reported the largest increase (+17,3%), followed by trade (+13,9%), community, social and personal services (excluding government institutions) (+11,9%), electricity, gas and water supply (+9,9%), transport, storage and communication (+9,5%), activities auxiliary to financial intermediation, real estate and other business services (excluding financial intermediation, insurance and business services not elsewhere classified) (+8,9%), forestry and fishing (+8,4%), manufacturing (+6,2%) and mining and quarrying (+4,6%).

Capital expenditure on assets amounted to R468 418 million in 2014, representing an increase of 2,2% between 2013 and 2014. Five of the nine industries reflected an increase in capital expenditure on assets. The largest increase was reported in community, social and personal services (excluding government institutions) (+31,5%), followed by electricity, gas and water supply (+24,3%), trade (+17,4%), construction (+16,0%) and mining and quarrying (+4,8%). Decreases were reported for manufacturing (-15,5%), forestry and fishing (-11,3%), activities auxiliary to financial intermediation, real estate and other business services (excluding financial intermediation, insurance and business services not elsewhere classified) (-5,6%) and transport, storage and communication (-3,4%).

The carrying value of property, plant and equipment and intangible assets amounted to R2 427 143 million in 2014, an increase of 7,8% compared with the revised estimate for 2013. The largest increase was reported in electricity, gas and water supply (+18,4%), followed by construction (+10,2%), activities auxiliary to financial intermediation, real estate and other business services (excluding financial intermediation, insurance and business services not elsewhere classified) (+9,6%), transport, storage and communication (+9,3%), mining and quarrying (+8,2%), trade (+4,6%), forestry and fishing (+2,8%) and community, social and personal services (excluding government institutions) (+1,0%).

1 All industries in the South African economy, excluding agriculture, financial intermediation, insurance, other business services not elsewhere classified government institut