SOUTH AFRICAN PAINT SALES HAVE REMAINED SLACK – BUT NEW GOVERNMENT MAY BOOST PURCHASES
May 19th, 2024
Paint sales in South Africa remain muted after a post-pandemic boom, with low economic growth, high inflation and political uncertainty in the lead up to this May’s competitive national elections impacting consumer demand, although there is hope for a post-poll boost in purchases.
“The market has slowed down significantly over the past year, since after the Covid pandemic rush. There is no great growth, but a maintaining of sales,” said Tara Benn, executive director of the South African Paint Manufacturing Association (SAPMA), which represents companies ...
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