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SA retail sales jump as spending on consumer goods rises

19/10/2018 - 14:31

South Africa’s retail sales rose in August as household goods, clothing and cosmetics grew, data showed on Wednesday, with recovering consumer spending a sign the economy is climbing out of a recession that has piled pressure on President Cyril Ramaphosa. 

Sales rose 2.5 percent year-on-year in August after increasing 1.4 percent in July, the statistics office said. The expansion was much more than the 0.3 growth forecast ... 

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