BLACK DIAMONDS Research into South Africa’s black middle class seems to back up anecdotal evidence and criticism from trade union Cosatu and others that the rich are benefiting at the expense of the poor.
Filed under: International Company News
Marks & Spencer (M&S) lifted full-year profit 26 percent on the back of strong sales, Britain’s largest clothing retailer said yesterday.
Filed under: Trends
May 24, 2007By Ethel HazelhurstJohannesburg – Firms that cater to households are gaining from a dramatic shift in living patterns – and can expect to do so in future.
Research from the University of South Africa’s Bureau of Market Research (BMR) shows that while the population is growing, household sizes are shrinking. The spin-off for banks and retailers is that families need more accommodation per person – a trend that should ensure escalating demand for housing, appliances and furnishings.
