Retail sales boosted by festive season
Fin24 - Feb 16th 2012, 08:11
Johannesburg - Growth in South Africa’s retail sales jumped to 8.7% year-on-year at constant prices in December from an upwardly revised 7.2% in November, Statistics South Africa said on Wednesday.
On a month-on-month basis sales grew by 1.3% in December and were up 7.9% in the last quarter of 2011 compared with the same period a year ago, also at constant prices.
Economists polled by Reuters this week expected year-on-year growth to slow to 6.5% in December.
Retail sales remain muted with consumers under pressure
20/09/2019 - 14:31
Retail sales for July marginally declined to 2 percent year on year as sales growth continued to reflect a muted demand in South Africa, with consumers’ discretionary income under strain.
Rhodes Food Group's turnover rises amid healthy international growth
16/09/2019 - 11:14
The international turnover of Rhodes Food Group, which makes Bull Brand corned meat and Bisto gravies, rose 13.4% in the 10 months to end-July, boosted by a weaker rand and exports of fruit snacks to the US.
4 reasons to be hopeful about South Africa’s economy
12/09/2019 - 14:40
Markets responded positively to South Africa’s economic growth rebounding in the second quarter, up 3.1%, and 0.9% for the year to June 2019.
British American tobacco to cut more than 2000 jobs
12/09/2019 - 10:28
British American Tobacco plans to cut 2 300 jobs around the world, the company announced.
Foschini's cash sales climb, but credit is under pressure
03/09/2019 - 13:58
The JSE-listed clothing retailer the Foschini Group [JSE:TFG] announced a 14.1% increase in cash sales in its South African operations in the first 21 weeks of 2020, while sales on credit only rose 0.9%.