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

2. SA Economic Indicators for the month of May 2013 © 2013 Trade Intelligence SA Economic Indicators Economic Growth (GDP) Updated quarterly (Last updated June 2013) Source: StatsSA

3. SA Economic Indicators for the month of May 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 growth rose by 0.9% in Q1/2013, down from 2.1% in Q4/2012. The result was much weaker than expected with forecasts ranging from 1.4% to 2.7% The nominal GDP value was R814bn, R1bn less than Q4/2012 The largest contributors to GDP growth in Q1 were: –Agriculture, forestry and fishing industry – growth of 4% –Mining and quarrying industry – growth of 3.7% (up from negative growth of -9.3% in Q4/2012) –General government services – growth of 2.5% Manufacturing saw negative growth of -7.9% The modest GDP figures had a negative effect on the performance of the Rand It reached a low of R10.08 to the US dollar at time of writing “South Africa is suffering a double whammy of a global economy that is muddling along and weak domestic fundamentals.” Elize Kruger, economist at KADD Capital 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 May 2013 © 2013 Trade Intelligence 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 For further information: +27 (0)31 303 2803 / info@tradeintelligence.co.zainfo@tradeintelligence.co.za 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 CONTACT : For Content Queries Katia Benedetti | Associate Writer tel +27 (0) 31 303 2803 katia@tradeintelligence.co.za katia@tradeintelligence.co.za Contact and Disclaimer CONTACT : For Account Management Queries Annomi Kriel | Account Manager tel: +27 (0) 31 303 2803 annomi@tradeintelligence.co.za