Retail in South Africa

  • Retail projects move forward in South Africa despite challenges

    SOUTH AFRICA, 2017/06/30 New mall developments and low vacancy rates should create opportunities in South Africa’s retail sector, though economic headwinds could restrict increase prospects in the short term. A initial quarter retail market survey by real estate consultancy JLL, published in early June, said new retail projects are continuing to break ground despite a weak economic climate. Ongoing activity, JLL noted, indicated a competitive retail market, strengthened by relatively low vacancy rates – particularly in smaller shopping centres, where they had fallen from 9% to 5.2% year-on-time(y-o-y) by the final quarter of 2016.
  • South Africa Retail Sales Unexpectedly Rebound In March

    SOUTH AFRICA, 2017/05/17 South Africa's retail sales unexpectedly rose in March next two months of decline, figures from Statistics South Africa showed Wednesday. Retail sales rose 0.8 % year-on-year following a 1.6 % drop in February. Economists had estimate 1 % decline.
  • SPAR Contract With Fortune 500 Consumer Goods Company in South Africa

    NETHERLAND, 2012/07/27 SPAR Group, Inc. (NASDAQ: SGRP) (the “Company” or “SPAR Group”), a leading supplier of retail merchandising and other marketing services throughout the United States and internationally, today announced that the company’s South African subsidiary, SGRP Meridian, has signed a $3.5 million annual arrangement with a multi-national consumer goods company. SPAR will provide in-store merchandising, demonstrations and auditing of their products throughout South Africa.