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 Employment Updated Quarterly (Last Updated: August 2013) Effects of recession felt Employment remains flat 1 2 Source: StatsSA Notes: 1. Not Economically Active means students, home-makers, the sick or disabled, those too old or young to work and discouraged work seekers (those who are involuntarily unemployed) 2. Labour Force is those either in work or actively seeking paid employment and available to start work

3. SA Economic Indicators for the month of July 2013 © 2013 Trade Intelligence SA Economic Indicators Employment COMMENTARY The official unemployment rate increased to 25.6% in Q2/2013 from 25.4% in Q1/2013, the highest rate in two years The labour force increased by 222 000 persons, between Q1 and Q2 2013, reflecting a rise in the number of both unemployed persons and employed persons, 122 000 and 100 000 respectively In Q2 2013, both the formal sector and the informal sector saw an increase in employment (109 000 and 30 000 persons respectively), while employment decreased in agriculture and private households (26 000 and 12 000 persons respectively) Compared to a year ago, in Q2 2012, employment increased by 2% (274 000) unemployment increased by 5.7% (254 000). the number of discouraged work-seekers increased by 2.3% (54 000) other (not economically active) decreased by 1% (132 000), resulting in a net decrease of 0.5% (79 000) in the not economically active population. The total number of employed people rose to 2008 levels reaching some 13.7 million but the numbers of unemployed and discouraged work-seekers rose to record levels, 7 million in total (4.7 million unemployed people and 2.4 million discouraged work-seekers) The economy is creating jobs but the number of jobseekers is rising at a faster rate Over the last two and a half years, South Africa’s official unemployment rate has averaged over 25% Note: StatsSA’s official definition of unemployment: Those between 15 and 64 years of age who are without work in the week preceding the interview, but who are looking for work and are available to take up employment or open a business.

4. 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