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re are several economic problems such as poverty, lack of economic empowerment among the disadvantaged groups and shortage of public transports. More than one quarter of South Africa——s population receives social grants according to the CIA World Factbook, 2010.The transportation services used in South Africa are Railways, Airways, Heliports, and Roadways.(CIA, 2010)

According the Euromonitor index, the GDP in South Africa expanded at an annual rate of 2.99 percent in the third quarter of 2010. From 1993 until 2010, South Africa's average quarterly GDP Growth was 3.29 percent reaching an historical high of 7.60 percent in December of 1994 and a record low of -7.40 percent in March of 2009. South Africa has a two-tiered economy; one rivalling other developed countries and the other with only the most basic infrastructure. It is therefore a productive and industrialized economy that exhibits many characteristics associated with developing countries, including a division of labour between formal and informal sectors and an uneven distribution of wealth and income. The primary sector, based on manufacturing, services, mining, business and agriculture, is well developed. The inflation rate was estimated to be 4.07% and the unemployment rate as 25.30% in South Africa. The currency used in South Africa is Rand, ZAR. The currency exchange rates per Canadian dollar is 6.50ZAR in 2009 and 8.50ZAR in 2010(xe.com)

COUNTRY FACT FILE

UNITED KINGDOM

SOUTH AFRICA

Population

62,113,000

50,652,000

GDP Measured at Purchasing Power Parity

2,179,528.76

520,981.20

Real GDP Growth(% Growth)

1.70

2.99

Inflation (% Growth)

3.18

4.07

Consumer Expenditure

( US $ millions)

1,348,946.56

176,433.13

Annual Gross Income ( US $ millions)

1,934,200.56

223,546.27

Market Sizes (US $ millions)

38,375

7,667

Unemployment Rate (% rate)

7.7

25.3

Employment Rate (% rate)

70.8

40.5

Source: CIA World Factbook, 2010 and Statistics.gov.UK/South Africa, 2010

The table below shows the GDP Growth Rate in UK from the year 2009 to 2010.

Source: CIA World Factbook, 2010

The table below shows the GDP Growth Rate in South Africa from the year 2009-2010

Source: CIA World Factbook, 2010

The value of the UK market for hair care was $1.88 billion in 2008, a slight increase of one percent from 2007. It is projected that growth in the hair care products market will remain steady, increasing at average annual rates of between 0.5 to 1 percent annually between 2009 and 2013, to reach $1.94 billion according to the Euroinvestor, 2010. (Euroinvestor, 2010)

According to CIA, 2010, the Charts and tables below shows the comparison between UK and South Africa with regards to the country facts such as population, GDP growth, inflation rate, unemployment rate, exchange rates, percentage of ethnic groups etc (CIA,2010)

Source: CIA World Factbook, 2010

Source: CIA World Factbook, 2010

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