Key findings

The total turnover of annual financial statistics (AFS) industries¹ was estimated at R12 690 556 million (R12,7 trillion) for 2022, an increase of 19,0% compared with the revised estimate of R10 660 492 million (R10,7 trillion) for 2021. 

Between 2021 and 2022 turnover increased in eight of the nine industries covered by the survey. The largest percentage increase was reported in mining and quarrying (+28,2%), followed by manufacturing (+23,9%), community, social and personal services² (+21,8%), electricity, gas and water supply (+20,2%), trade (+19,6%), activities auxiliary to financial intermediation, real estate and other business services³ (+10,3%), construction (+8,2%) and transport, storage and communication (+6,4%). A decrease was reported in forestry and fishing (-0,9%).

 Purchases amounted to R7 860 567 million in 2022, representing an increase of 22,6% compared with the revised estimate for 2021. Manufacturing reported the largest increase (+29,8%), followed by community, social and personal services (+23,3%), mining and quarrying (+22,6%), trade (+22,0%), electricity, gas and water supply (+19,4%), transport, storage and communication (+13,9%), activities auxiliary to financial intermediation, real estate and other business services (+13,5%) and construction (+4,8%). A decrease was reported in forestry and fishing (-4,2%).

Employment cost amounted to R1 541 722 million in 2022, representing an increase of 4,3% compared with the revised estimate for 2021. Community, social and personal services reported the largest increase (+22,1%), followed by trade (+15,8%), manufacturing (+9,3%), electricity, gas and water supply
(+6,3%), mining and quarrying (+3,2%) and forestry and fishing (+0,2%). Activities auxiliary to financial intermediation, real estate and other business services reported the largest decrease (-9,2%), followed by transport, storage and communication (-5,7%) and construction (-1,2%).

Capital expenditure on property, plant and equipment, intangible assets and right of use assets amounted to R526 919 million in 2022, representing an increase of 15,9% compared with the revised estimate for 2021. Mining and quarrying reported the largest increase (+35,1%), followed by manufacturing (+27,2%), forestry and fishing (+22,4%), transport, storage and communication (+13,8%), activities auxiliary to financial intermediation, real estate and other business services (+10,1%) and trade (+9,7%). Construction reported the largest decrease (-7,6%), followed by electricity, gas and water supply (-5,4%) and community, social and personal services (-4,9%).

The carrying value of property, plant and equipment, intangible assets and right of use assets amounted to R3 665 866 million in 2022, representing an increase of 0,9% compared with the revised estimate for 2021. Forestry and fishing reported the largest increase (+25,1%), followed by mining and quarrying (+5,2%), transport, storage and communication (+5,2%), manufacturing (+3,7%), construction (+3,4%) and electricity, gas and water supply (+0,2%). Activities auxiliary to financial intermediation, real estate and other business services reported the largest decrease (-15,9%), followed by community, social and personal services (-14,7%) and trade (-0,4%).

¹All industries in the South African economy, excluding agriculture, hunting, financial intermediation, insurance, pension funding, other business services not elsewhere classified, general government and educational institutions.

²Excluding general government and educational institutions.

³Excluding financial intermediation, insurance, pension funding and business services not elsewhere classified.