With a long-established track record as the continent’s largest financial platform and one of the world’s biggest mining producers, South Africa has significant economic clout in the region.
At first glance, South Africa’s retail sector is similar to that of many other countries in Africa, marked by a mixed system featuring elements of both traditional and modern retailing. The country’s emerging middle class is accelerating the pace of change, but the bulk of customers remain highly sensitive to price, and non-traditional distribution...
To what extent can retail spend be used as a barometer for the overall state of the economy?
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