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Independent Food Retailers. Sustainability in a changing Retail Landscape? Who are IFRs? SA Retail Landscape •Total GDP - ±R2700bn* •Unemployment = 37%? •Total Consumer Spend (2010) - R605b** •Total Food & Grocery Spend - R232.5b (38%) •Electricity increases: ±25%*** •Fuel price (2003-2011) - ±275% increase * Source: International Monetary Fund **Source: Fernridge and Bank of America, Merill Lynch, June 2011 ***National Energy Regulator of SA IFR - Research •Absence of Data & Statistics •Customer Survey (214) •23 SA Independent Food Retailers •Successful Independent Retailers •Industry Leaders, academics & analysts Challenges Facing IFRs Access to Finance Lack of Government Support (Perception) Lack of Skilled Labour & Training Rising Cost of Energy Relevance of IFRs to SA Relevance of IFRs to SA •Small Business - 52% of GDP and 61% of employment* •1985-2005 = 73% employment growth •Informal & Independent Retailers - R79.5b** •22.5% total consumer spend at informal/independent** * Source: info.gov.za (Pocket guide to SA - 2010/2011) **Source: Fernridge and Bank of America, Merill Lynch, June 2011 •Service 81% of households in SA Immersion & Retail Visits The Concept of Collaboration •Harmonisation •Systemic Change •Coordinated Effort and Approach What Should IFRs Do? Independent Food Retailers Association of South Africa Opportunities Culture & Resource Sustain Consolidation Collaboration Minimise Community Government (Technology, through Facility - Data& socio-economic of Information Value Monopolization new channels, Engagement Resources size/scale & Statistics conditions new Preservation products) Organised Business CONSORTIUMS Government ACADEMIA Category Associations Organised Labour Stakeholder Benefits Stakeholde Benefit Retail Association r Organised Business Increase & diverse membership Government Broadened engagement Category Associations Accelerated implementation of key policies and initiatives Increased Compliance Organised Labour Sustained Job Creation Academia Creation of new knowledge How will it be Resourced? What’s in it for South Africa? What’s Next? Independent Food Retailers Association of South Africa • Imitha lead the process • Register through RASA • Academic Research • Approach government, consortiums and IFRs • Market to industry Conclusion Thank You.