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.
Over the past decade, retail has become one of the biggest contributors to economic growth, consistently surpassing high-value industries such as oil, gas and mining. According to Fenalco, the national trade federation, the sector’s contribution to GDP reached 8.1% in 2011, placing it just after financial services (19.1%), services (15.3%) and...
Similar to growing economies in the region, Colombia’s shopping mall segment is expanding in both sales and nationwide presence. According to Acecolombia, the national mall association, annual sales had reached COP26trn ($15.6bn) by the end of 2012, representing 13% year-on-year growth. The number of malls with a surface area larger than 5000 sq...
Outperforming the majority of its regional peers, Colombia has experienced steady economic growth in the past decade registering GDP growth averaging over 4%, a rate set to continue in 2013.
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