South Africa has a well-developed retail sector. In 2013, the retail sector contributed almost 12 percent to overall GDP and reflected growth of nine percent over the past five years with total retail sales in South Africa amounting to R406.2 billion (USD $38 billion). Retail sales are expected to grow by almost five percent per annum in the next five years and 2014 sales are projected to reach R424.8 billion (USD $40 billion).
