Growth of SA's and Africa's packaging markets assured by socio-economic factors, says Deloitte

摘要

Speaking at the Packaging and Beyond Africa Innovation Conference in Johannesburg in May, Roy Campbell, Partner and Manufacturing Industry: Forestry, Paper & Packaging Sector Leader at Deloitte, said that International Monetary Fund forecasts predicts growth of 6.5% p.a. over the next five years in East and West Africa, putting the two regions on par with the fastest growing regions of mainland China and emerging Asia. "Expectations for growth in South and Southern Africa are not as optimistic, with IMF forecasts putting GDP increases at around 2% in South Africa and 3-4% in Southern Africa over the same time frame. East Africa, however, is expected to have a GDP growth rate of 8.1% by 2016," says Campbell.