States for distribution to retail outlets internationally. It is also one of the large independent property valuation (real estate appraisal) firms in South Africa. Construction, in the sense of architectural and civil engineering, is the building of real property. The fashion industry has long been one of the largest employers. In its April 2020 emergency meeting, the South African Reserve Bank (SARB), the country’s central bank, slashed the repo rate by 100 basis points to 4.25%, following a 100-basis point rate cut in March, amidst the fallout from the COVID-19 outbreak. The main objective of this cluster initiative is to build and improve the capacity in the cotton industry value chain for sustainable textiles and apparel. This detailed PESTEL analysis of South Africa aims to address some of the political, economic, social, technological, environmental, and legal factors that affect South Africa today. Sources: Capgemini Financial Services Analysis, 2020. and Apparel Cluster (SASTAC) for the South African cotton textile and apparel sector. The literacy rate in South Africa is fairly high at 89%, and the percentage of the population with at least a secondary education is also very robust at 70.4%. South Africa: Revenue in the Food & Beverages segment is projected to reach US$113m in 2021. South Africa Hair Care Market is projected to grow at a CAGR of 5.7% during the forecast period (2020-2025). ... An Overview of the South African Wholesale and Retail … Labour An inadequate education system, skills shortages and high unemployment are significant challenges. WPR 2020 Voice of Consumer Survey. Figure ES2: Impacts on value added for broad industries for the full shock, as percentage deviations India Beer Market: Overview. ... Market was valued at USD353.20 million in 2020 and is projected to reach USD653.10 million by 2026. The Indian beer market is expected to grow with a CAGR of 9.90% over the forecast period 2019-2025. The aim is to keep stakeholders informed about developments as well as key issues affecting the industry. South Africa's economy grew by an annualized 6.3% in the fourth quarter of 2020, following an upwardly revised 67.3% advance in the July-September period and easily beating market expectations of a 5% rise, largely due to the further easing of lockdown restrictions. Forklift Market size exceeded USD 90 billion in 2020 and is expected to grow at over 9% CAGR from 2021 to 2027.The global industry shipments are projected to exceed 2 million units by 2027. Nuclear 8 4. For the purpose of this study, Grand View Research has segmented the Africa roaming tariff market report based on type, distribution channel, and service: Informative South African Meat Industry Statistics #1. 3 Landry Signé. South Africa Fast Food Market Outlook-2026. Bank Market Cap Share price P/E Ratio; FirstRand (FNB) R347.1 billion: R62.10: 12.27: Standard Bank: R299.5 billion: R184.79: 10.47: Capitec: R137.9 billion: R1 197.22 Egypt, South Africa and Morocco lead as FDI recipients. South African property market in 2021. 3 It is one of the world’s leading mining and mineral-processing countries – for example, 79% of the world’s platinum comes from South Africa (Yager, 2011). 2018. The company is investing in local distribution centers, which cuts costs, allowing ShopRite to supply products to a larger portion of the population. As a federation, it brought together many of the unions formed after the wave of strikes at the beginning of 1973 which marked a renewal of trade union activity after a … This article will attempt to analyze the viability of the fashion retail industry as a whole, by means of a Five Forces analysis. Fact 1: South Africans spent R31 900 per second in retail stores in 2017. Troy Segal is an editor and writer. In this report, we focus our analysis on ten African economies that we believe offer some of the most compelling opportunities for retail and consumer businesses looking to expand in Africa. OG Analysis is a leading market research company, offers market research services, market intelligence reports, business Consulting, reliable forecast data, Global Market Reports, Latest Market Research Reports, Industry Analysis, Market Research Report Companies, Market Research Database. Meat lovers enjoy fresh good quality meat that’s also reasonably priced. The e-commerce automotive aftermarket size from third-party retailers is projected to grow at more than 14% CAGR through 2026. Its head office is in Johannesburg. The 2020 List of Occupations in High Demand: A Technical Report. However, due to increase in labor costs it has moved from developed countries to developing particularly China and African countries [1]. Europe and Middle East data center colocation market size to reach revenues of USD 14 billion by 2025, growing at a CAGR of approx. This paper addresses the South African government’s response to COVID-19 and the impact of the disease on South African society. The e-commerce automotive aftermarket size from third-party retailers is projected to grow at more than 14% CAGR through 2026. 1 Africa' Executive summary 1 Africa: Tapping into growth, Opportunities, Challenges and strategies for consumer products (2013), Deloitte. This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2028. 2. The country is the world's largest producer and exporter of gold, platinum, chrome and manganese, the second largest palladium producer and the fourth largest producer of diamonds - with mining rents accounting for around 2.2% of GDP (World Bank, latest available data), a similar share to manufacturing. The South African Insurance Association (SAIA) is the representative body of the non-life insurance industry. It represents the industry to all relevant stakeholders to ensure a sustainable and dynamic industry. Despite enjoying double-digit sales growth for many years, online retail’s share of South Africa’s retail trade was still below 2% in 2019. Labour An inadequate education system, skills shortages and high unemployment are significant challenges. monthly profile from January 2020 to December 2021 – in terms of scheduled passenger traffic globally • Taking into account the heterogeneity, distinction is made: – between international and … 6 Roaring to life: Growth and innovation in African retail banking Globally, the banking industry is facing disappoint-ing returns and sluggish growth. The ruling African National Congress (ANC) has driven the policy agenda since 1994 until August 2016, when the country held the most competitive local government election since 1994, in which the ANC-lost majority support in four of the metropolitan cities. That is total growth in employment in this industry of 78 374 employees,or growth of 41.27% in employment in the industry … SAIA has 57 members, comprising all categories of non-life insurers, including reinsurers. Manufacturing production expanded 4.6% year-on-year in March (February: -2.5% yoy). (PDF, 1.8 MB) An overview of the Ferrochrome Industry in South Africa. Figure 1.13: Growth projections for South Africa and other EMDEs 21 Figure 2.1: Inequalities in 101 countries, 2013 25 Figure 2.2: South Africa’s polarization 26 Figure 2.3: South Africa's human opportunities, 2015 28 Figure 2.4: Inequality measurement over time 28 Figure 2.5: Labor market status and skills increasingly contribute to inequality 29 Pestel analysis of south africa 1. copy the link link copied! The business was founded by David Smith and Stewart Bruce, who have both been working within the retail industry for over 20 years, David Smith, a serial entrepreneur … South Africa’s food service industry is in exceptionally good health as of the end of 2016. Making sense of COVID-19’s impact on South African businesses ... anticipates a 4% contraction in 2020. The applicable measures are described and compared here. South Africa PESTLE Analysis & Macroeconomic Trends Market Research Report. We decided to introduce the South African business plans after noting that many South Africans were venturing into businesses without a full understanding of the industry, market, how to run the businesses, the risks involved, profitability of the businesses and the costs involved, leading to a high failure rate of the start-ups. 1 Patel, E 'Government's intervention measures on Coronavirus' (24 March 2020). Read more. An insurance broker is completely different from an insurance agent. Introduction • Developed country • Upper-middle-Income Country • 25th Largest country in the world by land area with population close to 53 million people • Afrikaan & English • Economy – 2nd largest in Africa & 34th largest in the world. The South African trade industry is made up of five divisions: wholesale, motor, accommodation, food and beverages (i.e. We take a look at banking sector data released by the South African Reserve Bank which shows that South African banks are really struggling compared to a year ago. 3 While losses can be expected in every loan category, they may be most acute within credit cards, commercial real estate, and small business loans. About the Business Plans. Retail Sales YoY in South Africa averaged 3.61 percent from 2003 until 2021, reaching an all time high of 15.50 percent in September of 2006 and a record low of -49.90 percent in April of 2020. South Africa: Revenue in the Fashion segment is projected to reach US$1,481m in 2021. 2021 is not expected to experience the same major resurgence, but it will still benefit from the work-from-home lifestyle that defined 2020. This brings the key rate to its lowest level since 1973. Discover the latest market trends and uncover sources of future market growth for the Beauty and Personal Care industry in South Africa with research from Euromonitor's team of in-country analysts. May 11, 2021. An analysis of South African gas cylinder value chain; ... Hotel industry in East and West Africa. ... An Overview of the South African Wholesale and Retail … Trade liberalization, increased imports from Asia and the relocation of South African producers to neighbouring and lower wage regimes in Lesotho and Swaziland have hacked away at the South African garment industry. SAPOA, or the South African Property Owners Association, is the representative body and official voice of the commercial and industrial property industry in SA. Main Sectors of Industry. South Africa Coronavirus Site. The South African Government have implemented urgent measures to deal with the impact of the COVID-19 outbreak. African Pharmaceutical Market size, sales, share, other stats, Impact of COVID-19 Outbreak African Pharmaceutical Market, Manufacturers, Contract Manufacturers Suppliers and Recovery Strategy and dynamics such as emerging trends, market opportunity, drivers & challenges to market growth have been included in the latest report published by Goldstein Market Intelligence. SPAR has a presence in 12 African markets, which account for 17 percent of its global retail turnover. In contrast, industrial space remains the strongest asset class, with leading year-on-year capital growth backed by low vacancy rates. And all of this was brought upon by the Covid-19 pandemic that has gripped the country since March 2020. South Africa is an upper-middle-income economy, one of only eight such countries in Africa. Sources: Capgemini Financial Services Analysis, 2020. The Retail Motor Industry Organisation is a proactive, relevant, retail and associated motor industry organisation recognised as the leading voice in South Africa’s automotive aftermarket. We lowered our foreign currency ratings on South Africa to 'BB-' from 'BB' on April 29, 2020. The Cost Evolution of Renewable Energies. (USDA Foreign Agriculture Service) #2. Residential Estate Retail Transport. Looking at slightly older data, a detailed list of products shows meat as the most popular commodity in the retail trade industry, contributing 8.1% to … -Nikita Kadam. The South African government estimates that 80.7% of the population is black, 8.8% mestizo, 7.9% white and 2.6% Asian. • Analysis focuses on simultaneous supply shock and drop in demand – in a near-term, i.e. We regret any inconvenience caused and endeavor to make it available in due course. 8% during the forecast period. The 2020 property market benefitted from pent-up demand.
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