Retail in Southern 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.
  • Continente hypermarkets expected to open in Angola in 2014

    ANGOLA, 2013/01/28 Continente branded hypermarkets are expected to open in Angola in 2014, said the chief executive of Sonae MC, Luís Moutinho, adding that the project was “by presently underway”. The project “is going ahead at the expected rate; these are lengthy processes,” and includes aspects such as logistics and staff training, Moutinho told Portuguese news agency Lusa.
  • 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.
  • Is Botswana really Africa’s most promising retail market? 2012-07-03

    BOTSWANA, 2012/07/03 Botswana is sub-Saharan Africa’s best new market for world retailers. This is if A.T. Kearney’s World Retail Development Index (GRDI) for 2012, a ranking of the top 30 developing nations for world retail expansion, is to be believed.