BMI View: The poor consumer outlook in South Africa will weigh on passenger vehicle sales as the costs
associated with owning a vehicle continue to rise. The domestic production industry will continue to do well
in the automotive industry as the export market togeth ..."
BMI View: Despite low interest rates resulting in cheaper auto loans, high household debt levels will
dampen passenger vehicle sales. A relatively strong Japanese yen will favour Korean export;, however, we
believe the slowdown in China will continue to place downward ..."
BMI View: Bar the country's shipping sector, which is being particularly hindered by weak consumer
demand and declines in coal production, South Africa's freight modes are all expected to post positive
growth in 2016. However, going forward, risks are considerably to ..."
BMI View: Weak consumer sentiment will dampen passenger vehicle sales as the consumer is faced with
increasing costs associated with owning a vehicle. The domestic vehicle market will contract 6.1% in
2016 ,however, the production industry remains the bright spot in t ..."
BMI View: The weak domestic economic outlook will hinder growth in the automotive market in 2016 as
the consumer struggles with affordability issues. Total vehicle sales will contract 6.1% in 2016 led by a
contraction of 6.5% in the passenger vehicle sales segment. Th ..."
BMI View: We envisage healthy growth across the South African freight modes in 2016, despite
challenging external and domestic headwinds over the course of the next 12 months, in particular the
eurozone crisis and the economic slowdown in China. We expect that growth ..."
BMI View: Total vehicle sales are forecast to grow 1.7% in 2016 and at an annual average of 1.8% over
our 2016-2019 forecast period. The headwinds within the South African economy will drag on new vehicle
sales, with the export market providing the outlet required for ..."
BMI View: Our forecasts for the South African freight transport sector are positive across all modes in
2016 - air, road, rail, and through the country's ports, despite challenging external and domestic headwinds
which will continue to weigh on economic growth over th ..."
BMI View: We expect positive growth across South Africa's ports in 2016. Many South African facilities
had a poor 2014 in which volumes declined, but we estimate a return to growth in 2015 and expect that this
will be cemented this year. That said, there are significa ..."
Over the past quarter, BMI has made further downward revisions to our already-negative forecasts for new
vehicle sales in South Africa. We are now targeting a 14.9% fall in sales over 2015, to 547,073 units, with
risks remaining very much weighted towards the downside ..."