New Report Available: South Africa Food & Drink Report Q2 2013
Our outlook on South Africa's consumer sector remains optimistic, despite serious headwinds from the global economy that will inevitably take their toll on growth. We maintain our core view that economic growth in South Africa will be driven by the demand side (ie, wholesale and retail trade, and financial and personal services) while the supply side (primarily mining and manufacturing) continues to remain weak. In our view, several factors bode well for consumer spending, namely relatively contained inflation, high nominal...
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