SOUTH African industries’ turnover grew 3.6% to an estimated R1.63-trillion in the third quarter, from the second quarter’s total turnover of R1.57-trillion, Statistics South Africa said in its quarterly financial statistics survey, released on Wednesday.
The survey excludes the agriculture, financial intermediation and insurance sectors, as well as government institutions.
Turnover increased during the third quarter in seven of the eight industries covered in the survey.
Electricity, gas and water supply accounted for the largest portion of the increase in total turnover, at 28.3%, followed by manufacturing at 5.3%, and real estate and other business services at 3.2%.
Mining and quarrying; trade; community, social and personal services; and construction industries also contributed positively.
A 0.8% drop was recorded for transport, storage and communication, Stats SA said.
Total capital expenditure on property, plant and equipment for the third quarter was estimated at R84.9bn, compared with R73.6bn for the second quarter, representing a 15.4% increase.
Electricity, gas and water supply saw the largest increase in total capital expenditure on property, plant and equipment; followed by transport, storage and communication; and real estate and other business services.
The electricity, gas and water supply industry in particular has seen massive infrastructure spending, with the building of new power stations and the development of new energy sources.
Total inventories at the end of the third quarter were estimated at R572.3bn, compared with R562.3bn for the second quarter, with the largest increase in inventories recorded for electricity, gas and water supply.