South Africa's bars and restaurants are filling up, reports Stats SA | Businessinsider

There was a 55.8% increase in income generated by the food and beverages industry in July.income from overall bar sales, which was up 81.6% to R380.3 million.Food and beverages income is still down on pre-Covid-19 sales.This is according to Stats SA’s food and beverages survey for July 2022, which found that total income generated by the food and beverages industry increased 55.8% when compared with July 2021.

When broken into income types, the largest annual growth rate was for overall bar sales, which was up 81.6% to R380.3 million. There was also an impressive 54.2% rise to R5.23 billion in overall food sales. The main contributor to the 55.8% year-on-year increase, when looking at specific food and beverages services, were restaurants and coffee shops, which rose 82.6% and contributed 3 percentage points to the overall growth.

There was also an increase in takeaway and fast-food outlets’ income, which was up 32% for the period. While catering services saw a 52.3% increase to R817 million.The R5.74 billion in income generated overall during the period is still down 9.2% from the R6.32 billion it made in July 2019, a year before the Covid-19 pandemic lockdowns shut the industry down.Takeaway and fast-food outlets have more than recovered from the pandemic, as they generated R1.

I know I'm not suppose to post this here, but I just want to help 50 persons on how to invest and make up to R80,000 within a week without sending money to anybody. If you're interested DM me on Whatsapp.. +27724670422

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

8 Farm attacks, 3 farm murders in South Africa, 1 - 15 September 2022 - South Africa TodayIn the first fifteen days of September 2022 there have been eight farm attacks and three farm murders in South Africa
Source: SATodayNews - 🏆 44. / 51 Read more »

Women play multiple roles in South Africa’s jazz sceneWomen play multiple roles in South Africa’s jazz scene: The visibility of women in jazz has dwindled significantly over the past decade or so. Tseliso Monaheng goes on the search for potential causes Where is Simphiwe Dana?
Source: mailandguardian - 🏆 2. / 92 Read more »

Why South Africa is losing out on the tourism boom | CitypressTourism in South Africa only accounts for 3.2% of the country’s GDP. For a country with unique wildlife, white sand beaches and exceptional biodiversity, this is a missed opportunity, experts say. | City_Press City_Press Because flying there got expensive City_Press Have you seen what they charge? South Africans can't afford to visit these parts of their own country. City_Press Guess why they aren’t coming? Just one guess? crime
Source: News24 - 🏆 4. / 80 Read more »

South Africa: Senior Adviser to Zulu King Misuzulu AssassinatedA senior member of the Osuthu royal council, Dr Dumisani Khumalo was killed on Saturday September 17, 2022, shortly after returning home from the annual Zulu reed dance at eNyokeni palace in Nongoma, IOL reports. Sad! Power in Africa is death
Source: allafrica - 🏆 1. / 99 Read more »

South African universities are making a shift – but there’s a catchMany South African universities have been forced to accelerate their digital learning deployments faster than expected.
Source: BusinessTechSA - 🏆 24. / 61 Read more »

Big changes proposed for carbon tax in South AfricaThe Energy Council of South Africa, alongside other big business figureheads, have proposed improvements to the carbon tax proposals under the Taxation Laws Amendment Bill.
Source: BusinessTechSA - 🏆 24. / 61 Read more »