New Market Study Published: Full-Service Restaurants in South Africa
The economic downturn continued to impact consumer foodservice as consumers were face with reduced disposable incomes due to rising costs of fuel, electricity and food. The weakness of the Rand at the end of the review period also raised inflationary concerns. Whilst interest rates remained low and stable, household debt to disposable incomes remained high at approximately 76%. Unemployment was also high, with figures sitting at over 25% at the end of the review period. Consumers dined out...
View full press release