|
Related Topics |
|
In this article we take a look at the latest results from the Food and Beverages survey results published by Statistics South Africa up to April 2018, and we compare turnover of first four months of 2017 to the first four months of 2018.
|
|
So how does income earned so far in 2018 compare with 2017
The bar chart below shows the income earned from Food sales by the three main outlet types, being "Restaurants and coffee shops", "Take-aways and Fast foods" and "Catering Services". Catering services includes all bars and pubs as well as actual catering companies. As the graphic shows the biggest income earner for food sales is "Restaurants and coffee shops", followed by take-away and fast food outlets and lagging far behind is catering services. Income earned for the first 4 months of 2018 is compared to income earned for first 4 months of 2018 below the graphic
Income from food sales per outlet type for first 4 months of 2018 compared to first 4 months of 2017:
- Restaurants and Coffee Shops (2018): R9.58billion (+9% compared to 2017)
- Restaurants and Coffee Shops (2017): R8.78billion
- Take-away and Fast food outlets (2018): R7.15billion (+9.23% compared to 2017)
- Take-away and Fast food outlets (2017): R6.54billion
- Catering Services (2018): R2.25billion (+6.9% compared to 2017)
- Catering Services (2017): R2.10billion
The industry has been under significant pressure in recent times as struggling consumers are looking to cut back on nice to have and luxuries such as eat out or grabbing regular take-aways. For more details in the sector visit our Food and Beverages page