New Market Study, "South Africa Autos Report Q2 2014", Has Been Published
BMI is forecasting weak growth for the South African economy over the medium term based on a slowdown in China and ongoing retrenchment in the gold mining sector. Recent industrial unrest, which looks set to continue in 2014, coupled with poor infrastructure and faltering economic growth has contributed to our bearish outlook for the South African automotive sector. After witnessing a slow start to the year, we forecast total vehicle sales will grow a meagre 1.5% in 2014.
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