| Year |
1990 |
1991 |
1992 |
1993 |
1994 |
1995 |
1996 |
|
Turnover (R/bn) |
18,0 |
20,4 |
21,9 |
25,3 |
27,4 |
30,3 |
37,5 |
|
Net cost of products and services (R/bn) |
9,7 |
11,9 |
10,4 |
12,0 |
12,4 |
15,5 |
20,3 |
|
Total value added (R/bn) |
8,3 |
8,5 |
11,5 |
13,3 |
15,0 |
14,8 |
17,2 |
|
To pay employees gross salaries, wages and benefits (R/bn) |
0,5 |
0,6 |
0,7 |
0,9 |
1,0 |
1,1 |
1,2 |
|
To pay the State tax in the form of |
|||||||
|
- Income Tax (R/bn) |
0,7 |
0,5 |
0,5 |
0,6 |
0,6 |
0,4 |
0,6 |
|
- Duties and levies (R/bn) |
5,5 |
6,1 |
8,7 |
10,0 |
11,2 |
11,5 |
13,0 |
|
To pay providers of capital |
|||||||
|
- Net finance expense (R/bn) |
- |
0,1 |
0,1 |
0,1 |
0,2 |
0,3 |
0,5 |
|
- Dividends (R/bn) |
1,3 |
0,8 |
0,5 |
0,6 |
0,8 |
0,3 |
0,7 |
|
Retained for future growth |
|||||||
|
- Depreciation (R/bn) |
0,2 |
0,2 |
0,3 |
0,3 |
0,4 |
0,6 |
0,6 |
|
- Retained income for the year (R/bn) |
0,1 |
0,2 |
0,7 |
0,8 |
0,8 |
0,6 |
0,6 |
|
Total value added (R/bn) |
8,3 |
8,5 |
11,5 |
13,3 |
15,0 |
14,8 |
17,2 |
The value added statement is a summary of the wealth the Sapia members have created and its distribution.
Sapia Members contribute extensively to the South African economy, and comprise about one per cent of GDP.
Relative to Sapia members' share of GDP of some one per cent, they collect a substantial portion of indirect taxes (some 20%).
Due to substantial investments (some R1,5 billion a year) Sapia members' retained income has risen, and payments of dividends as a percentage of total South Africa dividend payments has declined.