SA retailers defy recession, eye big ICT investments

7 July 2017

Mergers, Acquisitions and Financial Results

Despite SA's economy being in recession, local retailers are set to spend big on ICT.

Despite the South African economy being in recession, local retailers are set to spend big on ICT investments.

According to a report by market analyst firm Frost & Sullivan, ICT spend within the retail sector, estimated at R5.75 billion in 2016, is expected to record a compound annual growth rate of 1.7% to reach R6.11 billion by 2019.

The research identifies the key areas of IT spend within the retail sector in SA to highlight the key areas of opportunities for IT service providers. Read the full article on ITWeb here.