New Market Report: South Africa Retail Report Q2 2016

Despite an economic crisis on the horizon, South Africa's retail sector is strengthening, with international brands, such as H&M, reporting the success of their initial opening stores and making dramatic expansion plans into the market , which may serve to attract other major companies to the country . While household spending has slowed, a growing middle-class aspirational population in the key 20-30 demographic will start to boost sales in the medium term, leading to heightened spending on non-essentials and luxury goods and acting to promote further growth in the market.

Key Views & Developments

South African clothing & footwear group Foshini acquired Whistles in March 2016 , which comes shortly after the acquisition of 85% of shares in UK retail group Phase Eight. This marks a further development in the domestic retailer's international expansion plan.

Full Report Details at
- http://www.fastmr.com/prod/1152921_south_africa_retail_report_q2.aspx?afid=301

Housing & utilities will continue to out-perform all other sectors, with 16.3% of total GDP forecast in 2016, whilst alcoholic drinks and tobacco is forecast to be the slowest in terms of growth rates.

E-commerce is expected to account for just over 1% of overall retail spending by the end of 2016, providing new opportunities of South Africa's online marketplaces.

Total household spending has declined to USD145.8bn, from USD147.6 in 2015.

The South Africa Retail Report has been researched at source and features BMI Research's independent assessment and forecasts for the retail sector. The report examines key drivers of retail sales growth and future prospects, including consumer spending and private sector investment.

BMI's South Africa Retail Report also examines the level of development and potential for growth of the retail sector, the commercial initiatives of major players, changing consumer demographics that influence demand and the regulatory environment. Key sub-sectors include mass grocery retail, autos, over-the-counter pharmaceuticals, computers and consumer electronics.

Key Benefits
Benchmark BMI's independent retail industry forecasts for South Africa to test other views - a key input for successful budgeting and strategic business planning in the South African retail market.
Target business opportunities and risks in South Africa through our reviews of latest industry trends, regulatory changes and major deals, projects and investments.

Coverage

BMI Industry View

Summary of BMI’s key forecasts and industry analysis, plus a discussion of major industry developments and a snapshot of key short-term demand-driving macroeconomic movements.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the retail sector and within the broader political, economic and business environment.

BMI Industry Forecasts

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