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Imports are playing a greater role in the economy with the South African trade deficit increasing from R4.2bn in 2005 to over R70bn in just ten years.
Zandile Makhoba, Head: Research at JLL South Africa, says that this inflow of foreign, largely consumer, goods is creating an escalating demand for storage, logistics and warehouse services.
Report highlights:
Makhoba concludes, “There is a critical need for infrastructure upgrades to meet the demands of the expanding light industrial market. Reinvestment in and the upgrade of ports, rail systems and roads is crucial for improving efficiencies in the local trade sector and to enhance the growth outlook of the country”.