IMPROVING LIVES THROUGH DATA ECOSYSTEMS

The total turnover of annual financial statistics (AFS) industries¹ was estimated at R10 496 685 million (R10,5 trillion) for 2019, an increase of 5,6% compared with the revised estimate of R9 942 461 million (R9,9 trillion) for 2018. 

Between 2018 and 2019 turnover increased in all of the nine industries covered by the survey. The largest percentage increase was reported in mining and quarrying (+12,4%), followed by activities auxiliary to financial intermediation, real estate and other business services² (+7,8%), forestry and fishing (+7,6%), manufacturing (+7,2%), community, social and personal services³ (+4,8%), electricity, gas and water supply (+4,0%), transport, storage and communication (+3,9%), trade (+3,7%) and construction (+1,1%).

Purchases amounted to R6 254 177 million in 2019, representing an increase of 6,6% compared with the revised estimate for 2018. Electricity, gas and water supply reported the largest increase (+20,1%), followed by mining and quarrying (+16,9%), forestry and fishing (+9,9%), activities auxiliary to financial intermediation, real estate and other business services² (+9,3%), manufacturing (+8,1%), community, social and personal services³ (+6,0%), trade (+4,8%), transport, storage and communication (+3,6%) and construction (+1,3%).

Employment cost amounted to R1 438 621 million in 2019, representing an increase of 3,6% compared with the revised estimate for 2018. Electricity, gas and water supply reported the largest increase (+12,1%), followed by community, social and personal services³ (+8,1%), mining and quarrying (+5,7%), trade (+4,7%), manufacturing (+3,6%), forestry and fishing (+3,1%), activities auxiliary to financial intermediation, real estate and other business services² (+2,0%) and transport, storage and communication (+1,7%). A decrease was reported for construction (-2,0%).

Capital expenditure on assets amounted to R475 732 million in 2019, representing a decrease of 3,3% compared with the revised estimate for 2018. The largest decrease was reported for electricity, gas and water supply (-27,7%), followed by construction (-23,7%), transport, storage and communication (-4,9%), trade (-1,1%) and forestry and fishing (-0,6%). Increases were reported for mining and quarrying (+12,9%), community, social and personal services³ (+9,5%), manufacturing (+4,1%) and activities auxiliary to financial intermediation, real estate and other business services² (+0,3%).

The carrying value of property, plant and equipment and intangible assets amounted to R3 407 427 million in 2019, a decrease of 0,7% compared with the revised estimate for 2018. The largest decrease was reported for electricity, gas and water supply (-13,2%), followed by community, social and personal services³ (-2,3%) and transport, storage and communication (-0,4%). Increases were reported for forestry and fishing (+11,7%), construction (+10,8%), mining and quarrying (+6,9%), manufacturing (+6,9%), activities auxiliary to financial intermediation, real estate and other business services² (+6,8%) and trade (+0,2%).

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

²Excluding financial intermediation, insurance, pension funding and business services not elsewhere classified.

³Excluding government and educational institutions.