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Middle class cracks: Italtile under pressure as high interest rates and inflation bite | Business

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SA's largest tile retailer Italtile has warned of a double-digit slide in full-year earnings and a fall in sales volumes, saying on Monday a combination of high interest rates, elevated inflation and unemployment are heaping pressure on homeowners.

SA's largest tile retailer Italtile has warned of a double-digit slide in full-year earnings and a fall in sales volumes, saying on Monday a combination of high interest rates, elevated inflation and unemployment are

heaping pressure on homeowners.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.

 

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