Recent Study: South Africa Retail Report Q1 2014
BMI View: South Africa's retail sector is expected to grow steadily over the next few years as its increasingly sophisticated urban population and expanding black middle class continues to spend on nonessential items such as clothing and furnishings. This will result in a strong rise in household spending across all retail subsectors. We are particularly bullish about the future growth prospects for restaurants & hotel spending, as well as education and personal care. However, we expect housing & utilities expenditure...
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