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 Economic Growth (GDP) Updated quarterly (Last updated September 2013) Source: StatsSA

3. SA Economic Indicators for the month of July 2013 © 2013 Trade Intelligence SA Economic Indicators Economic Growth (GDP) COMMENTARY According to the International Monetary Fund (IMF) revisions, world GDP growth is expected to reach 3.9% in July and 3.6% in October IMF forecasts growth for South Africa to be 3.6% between 2012 and 2016 For the latest period: GDP expanded 3% in Q2/2013, compared with 0.9% in Q1/2013. This growth was boosted by an 11.5% rise in manufacturing GDP, however was still behind the estimations of 3.3%. The nominal GDP value was R836bn, R23bn more than Q1/2013 The largest contributors to GDP growth in Q2 were: –Manufacturing industry – growth of 11.5% –Finance, real estate and business services – growth of 3.5% –Wholesale, retail and motor trade; catering and accommodation industry – growth of 3,2% The improved GDP figures had a positive effect on the performance of the Rand The Rand hovered near four-weak highs against the dollar, and reach levels last seen in August 2012 Strikes and slumping consumer and business confidence may limit growth in the second half of the year, according the Reserve Bank, which lowered its forecast for economic growth for this year to 2% from 2.4% in July Growth at these levels will do little to assist employment – analysts agree that growth of 5% or more is required

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