The Bureau for Economic Research has published its Other Services survey results for the third quarter of 2022, showing that the hospitality sector in South Africa continues to show positive growth.
This growth is due to the continued benefit from the removal of all Covid-19 restrictions, with the number of patrons continuing to rise from the previous quarter, it said. “Although the growth in activity in business services lost some momentum relative to the second quarter, it remained in good stead compared to its long-term average,” it said.
Regarding transport, BER’s survey indicated that activity in road freight transport bounced back after the KwaZulu Natal floods disrupted the second quarter. However, High fuel costs and excess supply suppressed freight hauliers’ profitability.