Boost for SA’s consumer tech market
Revenues in South Africa’s technical consumer goods market climbed 8 percent year on year in the second quarter of 2018, boosted by a 16 percent rise in the telecommunications sector and a 17.4 percent increase in small domestic appliances, according to point of sale data from market research firm, GfK South Africa.
The data also showed that the major domestic appliances and consumer IT segments grew by 3 percent and 6.6 percent respectively.
The smartphone segment, one of the biggest contributors to South Africa’s technical consumer goods market, was given a boost by growth in sales of larger display devices together with the continued adoption of entry-level smartphones.
Read the full story on: IOL.
Comments