1. SA Economic Indicators: Updated to June 2015

2. South African Economic Indicators June 2015 SA Economic Indicators Exchange Rate Updated June 2015 Source: X-Rates.com Euro begins physical circulation Rand fallout following the Twin Towers Attack 2008/2009 Recession & election uncertainty Reduction in US Fed QE Programme Eurozone debt crisis and economic slowdown

3. South African Economic Indicators June 2015 Updated June 2015 SA Economic Indicators Exchange Rate Source: X-Rates.com Significant R/$ fall out, as the SA economy weakens and the US strengthens The Greek debt crisis continues to weigh on a weak Eurozone

4. South African Economic Indicators June 2015 SA Economic Indicators Exchange Rate COMMENTARY The rand weakened against the $ and the £ in May. The continued weakness in the Eurozone saw the rand strengthen against the € The rand weakened at the end of May following the release of SA’s muted GDP figure for Q1/2015 The rand has lost neat 9% against the dollar so far in 2015 This is due to investors dumping risky emerging markets Greece and the IMF remain in negotiations regarding the country’s debt. It is believed that failure to reach a deal by the end of June could mean the beginning of the end for the Eurozone Exchange Rate Movements YoY May 2014May 2015 US$R10,41 R11,97 (R weakened 15%) €R14,29 R13,36 (R strengthened 7%) £R17,52 R18,49 (R weakened 5.5%)

5. South African Economic Indicators June 2015 tel +27 31 303 2803 fax +27 31 303 4560 info@tradeintelligence.co.za Kate Shirley | Retail Analyst – Independents Maryla Masojada |Head Research Disclaimer These materials and the information contained herein are collated by TI* referencing a wide range of public domain data sources, face-to-face interviews, retailer presentations and financial reports, and are intended to provide general information about the South African consumer goods trading environment and selected retailers, and are not intended as an exhaustive treatment of such subjects. Whilst every effort has been made to ensure that the information published in this work is accurate, your use of these and the information contained herein is at your own risk. The information is not intended to be relied upon as the sole basis for any decision which may affect you or your business, and TI makes no express or implied representations or warranties regarding the accuracy of the information herein. TI will not be liable for any special, indirect, incidental, consequential, or punitive damages or any other damages whatsoever, whether in an action of contract, statute, tort (including, without limitation, negligence), or otherwise, relating to the use of these materials and the information contained herein. TI expressly disclaims all implied warranties, including, without limitation, warranties of merchantability, title, fitness for a particular purpose, non-infringement, compatibility, security, and accuracy. * TI refers to The Retail Workshop (Pty) Ltd trading as Trade Intelligence Other Sources ABSA Agri Trends; BizCommunity; Bloomberg; Business Day; Business Report; Department of Agriculture, Forestry and Fisheries; Financial Mail; Finweek; Fin 24; The Mercury; Reuters; Stanlib, Sunday Times; Sunday Tribune; The Times ; www.businesslive.co.za; www.businessweek.com; www.moneyweb.co.za; www.supermarket.co.za; thesouthafrican.com