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1. Concentration: Four retailers control 95% of the grocery market and six control the formal apparel market. Grocers account for almost two-thirds (63%) of retail. Dairy is the largest category (30% of sales)
2. Informality: The informal sector—street vendors, hawkers and the like—is large and important, particularly to the black and Asian populations. In apparel, the informal market accounts for 45% of revenues.
3. Values: Retail is the fourth-largest economic sector (after business services, manufacturing and government), accounting for 13% of economic value added. The fastest-growing category is medical goods; the most important sector for discretionary spending is fashion and apparel.
SOURCES: McKinsey, Bureau of Economic Research, Euromonitor, Stats SA