Report Published: "South Africa Retail Report Q2 2014"
Despite high unemployment and inflation both hurting spending at the moment, South Africa's retail sector is expected to grow steadily over the next few years as the country's increasingly sophisticated urban population and expanding black middle class continue to spend on non-essential 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...
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