Despite the combination of monetary easing, historically low price pressures and a rise in consumer spending, BMI maintains the belief that vehicle sales in 2014 will remain negative at -0.5% owing to reduction in our headline real GDP forecast. Total vehicle sales will reach 36,792 with commercial vehicles being the best performing market growing at 3.3% while the passenger vehicle market will decline by 1.7%.

BMI Industry View 5

SWOT 7

Political 8

Economic 9

Business Environment 10

Industry Forecast 11

      Table: Autos Total Market - Historical Data And Forecasts (Botswana 2012-2018) 11

Macroeconomic Forecasts 17

Economic Analysis 17

      Table: Botswana - Economic Activity 21

Industry Risk Reward Ratings 22

      Table: Sub-Saharan Africa Autos Risk and Reward Ratings 25

Competitive Landscape 26

Company Profile 33

Company Monitor 33

Regional Overview 36

Autos Investment Round-Up: Export Potential Keeps Majors In South Africa 36

      Table: Sub-Saharan Africa Production Investments 36

Global Industry Overview 38

      Table: Passenger Car Sales May 2014 (CBUs) 38

Outperformers Boost European Outlook 38

Trucks Give North America A Lift 39

India Brings Relief To BRICs 41

Demographic Forecast 43

      Table: Botswana's Population By Age Group, 1990-2020 ('000) 44

      Table: Botswana's Population By Age Group, 1990-2020 (% of total) 45

      Table: Botswana's Key Population Ratios, 1990-2020 46

      Table: Botswana's Rural And Urban Population, 1990-2020 46

Methodology 47

Industry Forecasts 47

Sector-Specific Methodology 48

Sources 48

Risk/Reward Ratings Methodology 49

      Table: Automotive Risk/Reward Ratings Indicators And Weighting Of Indicators 50

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