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Weak retail sales numbers expected

11 June 2019, 10:04 PM

Analysts expect to see a weak retail sales numbers as Statistics South Africa prepares to release the April retail trade sales figures on Wednesday.

Sales rose 2.5% year-on-year in August after increasing 1.4% in July

South Africa’s retail sales jump as spending on consumer goods rises

17 October 2018, 6:20 PM

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.

A worker at a Makro branch.

South Africa’s Massmart warns H1 profit could fall 26 %

30 July 2018, 8:53 AM

Massmart Holdings expects half-year profits to fall by as much as 26%, the South African retailer said on Monday citing muted sales growth.

Pick n Pay

Retail sales data disappointing

13 June 2018, 8:53 PM

After lower business confidence, retail sales data released on Wednesday has also disappointed.

Steinhoff logo

Steinhoff given more breathing space

12 June 2018, 5:59 PM

Steinhoff has won more creditor support to give the South African retailer time to restructure debt totaling 9 billion euro ($11 billion) in a fight for survival.

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