Retail Industry Gaining Momentum in South Africa

According to our new report, “South African Retail Industry Forecast to 2013”, retail has been one of the fastest growing industries in the sub-Saharan region for the past few years. The lowest interest rates, a relatively steady world economy, stable monetary and fiscal policy, along with the materialization of strong black middle socio-economic class have shown a surge in consumer spending along with a moderate shifted in spending pattern. Moreover, it is expected that the South African retail industry will reach to US$ 155 Billion by 2014, growing at a CAGR of around 2% during 2011-2014.

 

Ongoing research revealed that, the retail market has benefited from the strong consumer confidence and high public spending on both food and non-food items. We have found that the non-food retailing will grow at a faster pace than food retailing, with high spending on technical consumer goods.

 

Moreover, it was observed that change in consumer shopping pattern will further encourage the big retail brands to invest huge chunk of money to develop modern retail outlets in the country. South African black consumers now prefer convenience stores, supermarkets, and other modern retail outlets for shopping compared to the traditional markets. This is mainly due to the presence of more consumer-friendly environment and availability of diversified products in these retail outlets. With the increase in penetration rate and rising number of internet users, the trend of online retailing will become more prevalent and drive the market in the coming years.

 

“South African Retail Industry Forecast to 2013”, has been authored to evaluate the growth potentials of the Brazilian retail industry. It is an outcome of extensive research and conceptual analysis of the industry and provides information on all prominent segments of the industry. Further, the report discusses about the various aspects of the retail industry, such as industry performance, future prospects, growth opportunities, etc. It also includes prediction of future trends not based on the complex model but are intended to provide a rough guide to the direction in which the market is likely to move. Additionally, the report sheds light on the emerging industry trends, which are expected to decide the future of the region’s retail sector.

 

For more information visit : http://www.rncos.com/Report/IM275.htm