IMPROVING LIVES THROUGH DATA ECOSYSTEMS

The total capital expenditure on new assets measured at current prices, for the quarter ended March 2024 was estimated at R83 158 million, showing a decrease of 12,4% compared with the quarter ended December 2023 (R94 931 million). 

Decreases in capital expenditure on new assets between the fourth quarter of 2023 and the first quarter of 2024 were recorded for ‘other’ assets (-27,6%), buildings and improvements (-21,7%), computer software (-13,6%), plant, machinery and equipment (-11,8%), construction works (-9,8%) and vehicles and other transport equipment (-6,7%). An increase was recorded for computer and IT equipment (+4,4%). 

Total capital expenditure on new assets increased by 2,8% between the first quarter of 2023 and the first quarter of 2024. The largest year-on-year increase in capital expenditure was recorded for construction works (+123,2%), followed by computer and IT equipment (+32,0%), computer software (+1,9%) and plant, machinery and equipment (+1,5%). Decreases were recorded for buildings and improvements (-23,5%), vehicles and other transport equipment (-16,5%) and ‘other’ assets (-2,8%). 

The largest contributor to total capital expenditure on new assets in the quarter ended March 2024 was plant, machinery and equipment (contributing 62,4%), followed by vehicles and other transport equipment (10,3%), construction works (8,1%), ‘other’ assets (6,3%), buildings and improvements (5,6%), computer and IT equipment (4,8%) and computer software (2,5%). 

The largest contributor to total capital expenditure on new assets in the quarter ended December 2023 was plant, machinery and equipment (contributing 62,0%), followed by vehicles and other transport equipment (9,7%), construction works (7,9%), ‘other’ assets (7,6%), buildings and improvements (6,2%), computer and IT equipment (4,0%) and computer software (2,5%).