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GROWTH FORECAST FOR RETAIL INDUSTRY

According to the retail forecast for 2010 from the Bureau of Market Research (BMR), South Africa can expect:

    • a 1.5% growth for formal retail sales,
    • 2.2% for non-durable retail sales,
    • 1.6% for durable, and
    • below 1% for semi-durable retail trade products.

According to Prof Deon Tustin, executive research director of BMR at the University of South Africa (Unisa), the retail sector should move out of its recessionary conditions on the back of moderating inflation and a fairly low interest rate environment.  Although the lag effect of lower interest rates in 2009 is yet to reflect in the official retail sales figures in 2010, the Soccer World Cup could stimulate the retail trade environment.  The report cautions, however, that the event could also result in inflationary pressure, albeit only a temporary phenomenon.  Overall, retail trade inflation is anticipated to increase by 7.7% and total retail sales in 2010 will probably conform to the seasonal trend followed in the past 10 years with roughly 48,2% of retail sales occurring in the first and 51.8% in the 2nd half of the year.  The report is available from the Bureau of Market Research, P.O. Box 392, Unisa 0003.

 
Links

THE FASA AWARDS FOR EXCELLENCE IN FRANCHISING
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GROWTH FORECAST FOR RETAIL INDUSTRY
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GAS EXPLOSION AT MALL A WARNING TO ALL
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IFE CONVENTION
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SCHNEIDER ELECTRIC ENERGY MANAGEMENT WORKSHOP
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EVERSHEDS LEGAL TRAINING
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