South Africa Retail Report - Business Monitor International - Industry Reports

South Africa Retail Report

South Africa Retail Report - Business Monitor International - Industry Reports
South Africa Retail Report
Published Oct 22, 2016
72 pages — Published Oct 22, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

� Business Monitor International Ltd Page - capital structure for several years, after troubles in its credit business in ---- coincided with an economic slowdown and weak consumer spending in South Africa. Edcon reached a tipping point in March and had to choose between seeking protection from creditors and not paying debt holders. ...Edcon reached a tipping point in March and had to choose between seeking protection from creditors and not paying debt holders. Edcon had considered selling assets to shore up finances, but had attracted only firesale offers, according to senior officials at the company. At the same time, Edcon also announced that it will be selingl its Legit clothing chain to private equity group Metier for ZAR---mn. ...The financial details of the transaction have not been disclosed, and the deal is expected to close by the end of the year. At the same time the company has received shareholder approval to proceed with its cash offer for UK discount retailer Poundland Group.

...South Africa will experience slow economic growth over the coming years due to weak consumer demand, lacklustre investment, relatively subdued commodity prices and sporadic strikes and power cuts. Business confidence in the country s economy remains relatively low and this is likely deterring a number of potential entrants into the retail market. ...Business confidence in the country s economy remains relatively low and this is likely deterring a number of potential entrants into the retail market. South Africans possess high household debt, meaning that the majority of the consumers finance many of their purchases through credit, making them largely exposed to interest rate fluctuations. The potential entry of global foreign retailers may out-compete local retailers who are not as modernised or sophisticated by international standards. ...South Africans possess high household debt, meaning that the majority of the consumers finance many of their purchases through credit, making them largely exposed to interest rate fluctuations. The potential entry of global foreign retailers may out-compete local retailers who are not as modernised or sophisticated by international standards.

...South Africa s growing middle-class population increases the potential for significant household spending on non-food items such as clothing and consumer electronics. The country has a highly urbanised population and this will help support growth in income levels. ...

  
Source:
Document ID
2040-9303
Country
Industry
Format:
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "South Africa Retail Report" Oct 22, 2016. Alacra Store. Dec 11, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/South-Africa-Retail-Report-2026-980>
  
APA:
Business Monitor International - Industry Reports. (2016). South Africa Retail Report Oct 22, 2016. New York, NY: Alacra Store. Retrieved Dec 11, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/South-Africa-Retail-Report-2026-980>
  
US$ 1,295.00
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