n South African Food Review - News, views and reviews : editor's forum
|Article Title||News, views and reviews : editor's forum|
|© Publisher:||New Media Publishing|
|Journal||South African Food Review|
|Publication Date||Aug 2014|
Business Monitor International's latest South Africa Food & Drink Report Q3 2014 confirms the country's slow economic growth. Although real GDP growth increased by 3.8 per cent in Q413, from 0.7 per cent in Q313, there was a decline in imports. The analysts suggest there are signals that a degree of economic rebalancing will be needed where the consumer sector will have to adjust to the weaker Rand by decreasing the demand for overseas products. Meanwhile, consumer spending as a whole remained relatively tepid, forecasting a limited sales growth in the near term.
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