While South Africa’s economy has emerged from recession and is showing signs of sustained growth, that has yet to feed into the property market, meaning residential sales and new construction will likely remain subdued for the rest of this year.
South Africa
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Economic update | Investment in South Africa remains subdued amid signs of economic recovery
29 Sep 2017
South Africa has recovered from its recession, though investors remain cautious given policy uncertainties and waning business sentiment.
Improved sales in key segments of South Africa’s automotive industry point to a modest rebound in domestic demand, though much of the growth in the sector stemmed from rising exports.
South Africa’s food and beverages industry is one of a handful of key agri-processing segments set to benefit from a new state-led investment incentive scheme.
New mall developments and low vacancy rates should create opportunities in South Africa’s retail sector, though economic headwinds could restrict growth prospects in the short term.
While international arrivals remain a mainstay of South Africa’s tourism sector, a revision to the national tourism strategy is looking to stoke growth in the domestic travel industry.