Friday, January 20, 2012

Zara Opens in South Africa


 The first major (and fashionable) global clothing retailer to hit the African Continent is none other than Spanish retailer, Zara. According to Africa Review, the clothing giant is targeting the growing middle class in South Africa.

This is following Wal-Mart's big purchase of South African retailer Massmart, which has (or had) stores in 14 African countries.

Now, is the world finally beginning to see the growing economies of Africa, especially since now many African nations have economies with growth outpacing those with "developed" economies?

This looks like people are finally beginning to notice, after nearly a decade of sustained growth in several African countries, that this "dark continent" is not really as dark as many mainstream media sources try to make it seem. There is REAL potential on the continent - and now numbers are showing and businesses that are not fairing as well in the developed nations due to several economic woes are looking to places that they may see now (or again) as untamed lands.

There's really no taming to do, but really products to sell with people who are ready (with thick enough wallets) to buy them. Today, I read a few stories about Ghana and it's steady economic growth (which has been for beyond a decade) and the amount of people that have moved out of poverty, even though most of the economic growth is centered southern part of the nation and around Accra, it's commercial, financial and official capital. However, there are talks and things in the works to help even out the growth through the country.

Now that Africa is again the New Frontier (maybe that's too early to say), maybe the diversity of the continent will actually be seen.

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