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Blog: 25 April 2016 (Food and beverages survey)
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In today's blog we take a look at one of South Africa's favourite past times. Eating out and getting take out. The size of the industry is massive, and in the current CPI basket spending at restaurants makes up just over 2.5% of the average consumer's average spend each year. The graphics and information below is based on the Food and Beverages Survey from Statistics South Africa.
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Food Sales (includes non-alcoholic beverages):
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The amount of money spent on Food sales at restaurants and coffee shops is very similar to the amount of money spent at Take-away and Fast Food outlets, with the latter receiving just over 1% more in revenues.
Catering services made up 15.4% of the money spent on Food Sales during February 2016 (It should be note catering services, includes Pubs and Taverns). We therefore expect the Catering section to feature more prominently in the liquor sales section below. The section below will take a look at liquor sales for the different outlet types. |
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Liquor Sales
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No surprises that the liquor sales at restaurants and coffee shops are a lot higher than at Take-away and fast food establishments.
Catering services contributes a lot more to the liquor sales as we mentioned above. But the majority of liquor sales are still recorded under the restuarants and cofee shops outlet type, with it contributing almost 71% to liquor sales, and catering services just over 24% |
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Other Income
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Other Income is income earned by outlet types that does not fall under the Food or Liqour sales categories. (Think cigarettes and other odds and ends sold at these types of outlets).
Again no surprises here that the catering services outlet type earns the most from this category (as a large number of these establishments will have cigarette machines etc in their establishments). |
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Total Income
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Total Income is the sum of the Food, Liquor sales and other income categories. Restaurants and coffee shops contributing the most (with just over 45% of Total Income earned), Take-away and Fast-Food Outlets bringing in 37% of the Total Income and Catering services just under 18% of Total Income.
The Total Income earned from this sector for the last quarter of 2015 (in current prices), amounted to just over R13.8billion, which when compared to the GDP for fourth quarter (in current prices), implies the sector is about 1.35% of South Africa's Total Economy. Sure it doesn't sound like a lot, but to put that in perspective, it makes this industry bigger than the drought stricken, Agriculture, Forestry and Fishing Sector in South Africa. Alec Hogg, think about that next time you sip on your coffee. |
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