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Macroeconomic overview

SPAR’s distribution centres are serving retailers in a range of territories that are all experiencing different levels of challenge.

In South Africa, we have flat GDP growth prospects and low consumer confidence – the latter persisting despite a downward trend in food inflation and declining interest rates. Political turmoil and policy uncertainty continue dampening the overall spirits of a country battling with ethical dilemmas and unemployment in major sectors such as manufacturing, while mining companies continue with retrenchments.

In Ireland the economic landscape is dominated by encouraging GDP growth against continued uncertainty about the impact of Brexit.