1. SA Economic Indicators: for the month of August 2013

2. SA Economic Indicators for the month of July 2013 © 2013 Trade Intelligence SA Economic Indicators Retail Trade Sales – 2008 Constant Prices Updated Dec 2013 Source: StatsSA Note: 1. Retail trade includes the resale (sale without transformation) of new and used goods and products to the public for household use. Retailers of consumer goods are not classified in a category of their own according to StatsSA but rather in the two broader categories of ‘retailers in food, beverages and tobacco in specialised stores’ and ‘retailers in pharmaceutical and medical goods, cosmetics and toiletries’. Spikes indicate festive season sales peaks Christmas sales contribute ±20% to the year’s total retail sales each year Boom period Effects of 2008/2009 Recession felt

3. SA Economic Indicators for the month of July 2013 © 2013 Trade Intelligence SA Economic Indicators Retail Trade Sales – 2012 Constant Prices Updated August 2013 Source: StatsSA Note: 1. Retail trade includes the resale (sale without transformation) of new and used goods and products to the public for household use. Retailers of consumer goods are not classified in a category of their own according to StatsSA but rather in the two broader categories of ‘retailers in food, beverages and tobacco in specialised stores’ and ‘retailers in pharmaceutical and medical goods, cosmetics and toiletries’. Spikes indicate festive season sales peaks Christmas sales contribute ±20% to the year’s total retail sales each year Effects of 2008/2009 Recession felt

4. SA Economic Indicators for the month of July 2013 © 2013 Trade Intelligence SA Economic Indicators Retail Trade Sales (NOTE: As part of an improvement programme in economic statistics, StatsSA has introduced changes in the reference year for constant price estimates from 2008 to 2012 prices. Graphs representing both 2008 and 2012 prices are provided in previous slides.) COMMENTARY Retail trade sales in real terms (constant 2012 prices) increased by 1.9% YOY in June 2013 Retail trade sales increased by 3.3% in Q2/2013 compared to Q2/2012 The highest annual growth rates were recorded for: -Retailers in hardware, paint and glass (5.3%) -All ‘other’ retailers (4.9%) -Retailers in textiles, clothing, footwear and leather goods (4%) The main contributors to the 1.9% increase were: -Retailers in textiles, clothing, footwear and leather goods (contributing 0.8%) -All ‘other’ retailers (contributing 0.5%) -General dealers and retailers in hardware, paint and glass (both contributing 0.4%) Seasonally adjusted retail trade sales remained stable between May and June 2013. This followed month-on-month changes of 2.1% in May and -0.4% in April Seasonally adjusted retail trade sales increased by 1% in Q2/2013 compared to Q1/2013

5. SA Economic Indicators for the month of July 2013 © 2013 Trade Intelligence tel +27 31 303 2803 fax +27 31 303 4560 info@tradeintelligence.co.za Kim Furber | Online Support Helga Altenroxel |Retail Analyst Kate Shirley | Independent Retail Analyst 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