17/10/2025
CAPE TOWN, October 17 – Defying global economic headwinds, South Africa’s luxury goods market is surging toward 15% growth this year, buoyed by affluent shoppers’ appetite for tactile retail experiences and Sub-Saharan Africa’s rising economic clout, according to Euromonitor International data released on Friday. The $1.5 trillion global luxury industry shows remarkable resilience, with physical stores capturing 81% of personal luxury sales worldwide....
CAPE TOWN, October 17 – Defying global economic headwinds, South Africa’s luxury goods market is surging toward 15% growth this year, buoyed by affluent shoppers’ appetite for tactile retail exper…