Formal business turnover in SA climbs by 5.5%
The South African formal business sector1 generated R2,57 trillion in turnover in the fourth quarter of 2018. This translates to about R323 600 generated every second from October 2018 to December 2018. The R2,57 trillion was 5,5% more than the R2,44 trillion generated in the third quarter (July 2018 to September 2018). This follows a rise of 3,6% in the third quarter and 2,2% in the second quarter. Industries: The 5,5% rise in the fourth quarter was mostly underpinned by inc