- 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%].
afrol News - It is called "financial inclusion", and it is a key government policy in Rwanda. The goal is that, by 2020, 90 percent of the population is to have and actively use bank accounts. And in only four years, financial inclusion has doubled in Rwanda.
afrol News - The UN's humanitarian agencies now warn about a devastating famine in Sudan and especially in South Sudan, where the situation is said to be "imploding". Relief officials are appealing to donors to urgently fund life-saving activities in the two countries.
afrol News - Fear is spreading all over West Africa after the health ministry in Guinea confirmed the first Ebola outbreak in this part of Africa. According to official numbers, at least 86 are infected and 59 are dead as a result of this very contagious disease.
afrol News - It is already a crime being homosexual in Ethiopia, but parliament is now making sure the anti-gay laws will be applied in practical life. No pardoning of gays will be allowed in future, but activist fear this only is a signal of further repression being prepared.
afrol News / Africa Renewal - Ethiopia's ambitious plan to build a US$ 4.2 billion dam in the Benishangul-Gumuz region, 40 km from its border with Sudan, is expected to provide 6,000 megawatts of electricity, enough for its population plus some excess it can sell to neighbouring countries.