New Market Report: Beauty and Personal Care in South Africa
South Africa continued to experience sluggish economic growth in 2013 coupled with high unemployment, high inflation, poverty and income inequality. Rising utility costs, particularly electricity and fuel, continued to add further strain to consumer disposable incomes. Despite the sluggish overall economic climate, the market for beauty and personal care products remained relatively resilient in 2013, reflecting value growth of approximately 10%. This may be attributed mainly to aggressive...
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