1.  Analyst View 

2.  Research Overview 

3.  Industry Overview 
       3.1  Global - Retail Sales 
       3.2  Global - Retail Sales by Geographical Regions 
       3.3  Africa & Middle East - Retail Sales 
       3.4  South Africa - Retail Industry 

4.  Industry Performance 
       4.1  South Africa Retail Sales - By Composition 
                 4.1.1  Food Retail Sales 
                 4.1.2  Non-food Retail Sales 
       4.2  South Africa Retail Sales - By Non-food Product 
                 4.2.1  Personal Computers 
                 4.2.2  Clothing & Footwear 
                 4.2.3  Cosmetics & Toiletries 
                 4.2.4  Furniture 
                 4.2.5  Household Cleansing Products 
                 4.2.6  Refrigerator 
       4.3  South Africa Retail Sales - By Store Format 
                 4.3.1  Convenience Stores 
                 4.3.2  Supermarkets 
                 4.3.3  Traditional Markets 

5. Industry Analysis 
       5.1  Drivers 
                 5.1.1  Emergence of Black Middle Class 
                 5.1.2  Decrease in Prime Overdraft Interest Rate 
                 5.1.3  Higher Consumer Confidence 
                 5.1.4  Personal Disposable Income 
                 5.1.5  Credit Sales 
                 5.1.6  Negative Saving Level 
                 5.1.7  GDP per Head 
                 5.1.8  Population Growth 
                 5.1.9  Imports from China 
       5.2  Opportunities 
                 5.2.1  Organic Food & Beverages 
                 5.2.2  Non-food Retail Products 
                 5.2.3  Ready-to-Eat Products 
                 5.2.4  Online Retailing 
                 5.2.5  Rapid Growth in Estate Ownership 
                 5.2.6  Credit Demand 
                 5.2.7  Tourism & Western Style Food Outlets 
                 5.2.8  “Proudly South African” Campaign for Local Manufacturers 
                 5.2.9  Demand for Household Products 
                 5.2.10  Foreign Investment 
                 5.2.11  2010 Soccer World Cup 
       5.3  Challenges 
                 5.3.1  High Unemployment 
                 5.3.2  Widespread Poverty 
                 5.3.3  Negative Population Growth 
                 5.3.4  Personal Disposable Income 
                 5.3.5  Prime Overdraft Interest Rate on Cards 
                 5.3.6  Quota on Chinese Import 
                 5.3.7  HIV/AIDS 
       5.4  Future Outlook (2007-2011) 
                 5.4.1  Retail Sales Forecast (2007-2011) 
                 5.4.2  Food Retail Sales Forecast (2007-2011) 
                 5.4.3  Non-food Retail Sales Forecast (2007-2011) 
                 5.4.4  Personal Computer Retail Sales Forecast (2007-2011) 
                 5.4.5  Clothing & Footwear Retail Sales Forecast (2007-2011) 
                 5.4.6  Cosmetics & Toiletries Retail Sales Forecast (2007-2011) 
                 5.4.7  Furniture Retail Sales Forecast (2007-2011) 
                 5.4.8  Household Cleansing Product Retail Sales Forecast (2007-2011) 
                 5.4.9  Refrigerator Retail Sales Forecast (2007-2011) 

6.  Key Players 
       6.1  Pick 'n Pay Holdings Ltd. 
       6.2  Shoprite Holdings Ltd. 
       6.3  Metcash Ltd. 
       6.4  Massmart Holdings Ltd. 
       6.5  Woolworths Holdings Ltd. 
       6.6  Spar Group Ltd. 
       6.7  Edgars Stores