afrol News, 2 November - All South African industries increased the total annual turnover by over 15% in 2006, compared to 2005, a survey revealed.

The 2006 turnover was estimated at R3.4 trillion compared with the revised estimates of R3 trillion the previous year.

South Africa's Annual Financial Statistics Survey (AFS) 2006 proved the turnover increase. It covers a sample of private sector businesses operating within the formal non-agricultural sector.

According to the 2006 annual statistics, mining and quarrying recorded a turnover of +23.3%, followed by construction +23.2%. Trade, transport, storage and communication respectively recorded +17.8% and +15.0%.
Gas and water supply recorded +9.1%.

The capital expenditure on new assets which amounted to R168,402 million in 2006 increased by +14.9%.

Construction recorded the highest [73.9%], followed by real estate and other business services (excluding financial intermediation and insurance, but including activities auxiliary to financial intermediation) [+73.1%]. Electricity, gas and water supply and trade respectively recorded +31.% and +22.8%.

However, there were decreases reported in manufacturing [-7.1%] and forestry and fishing [-4.4%].

By staff writer

© afrol News

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