Price: $ 1295
BMI View: We continue to hold a positive outlook on South Africa's consumer story, as the country's economy continues to recover post-recession. Private consumption is expected to be stable in 2013, and we expect the South African population to grow over our forecast period to 2017. Although the economic recovery has not been without challenges and will likely remain uneven, in our view, the consumer sector continues to hold up. Headline Industry Data ? 2013 per capita food consumption (local currency) = +8.5%; five-year forecast compound annual growth (CAGR) to 2017 = +7.0%. ...
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