Rising import volumes in correlation to rising retail and wholesale trade sales

Warehousing, logistics, industrial development dominates

Import volumes5.3% average growth p/aRetail and wholesale trade sales4.9% average growth p/a (constant prices)

POST

Growth in the financial and trade

sector

SHIFT

RESULT

PRE

Higher salary growth Highly skilled labour

Trade deficit2005R4.2 bn2015R70.0 bn

Manufacturing decrease to 1.7 million jobs

Financial sector increase to

2.27 million jobs

Manufacturing over 2 million jobs

Financial sector1.78 million jobs

2005

Lower incomeUnskilled workers

2008-2015Increased demand for higher end goods

Textiles4.9% average p/aPharmaceuticals/Cosmetics3.8% average p/a

Dominance of primary sectors

and manufacturing

Industrial real estate in South Africa

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About the research:Industrial accommodation in the South African economy has seen a transition over the past few years, driven by various factors that have contributed to changes in the country’s economic make-up. This report provides analysis of the major contributing factors to the key drivers of industrial property developments over the past ten years, and the implications these have had on the industrial real estate sector. The prevailing economic conditions are examined to draw an outlook on development activity in the sector. Find out more: http://www.jll.co.za/south-africa/en-gb/research/trade-trends