Retail stocks face another tough year as economic growth sputters

Retail stocks could be in for another rough ride in 2020, as the threat of load-shedding and an economy predicted to grow by less than 1% continue to cast a shadow over the sector.

The JSE’s general retailers index, which includes Massmart, TFG and Pepkor, has dropped by almost 8% so far in 2020 — after recording its biggest fall in 21 years in 2019.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

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Rand firmer after Ramaphosa's speech, stocks flatCyril Ramaphosa acknowledged in an annual address to parliament on Thursday evening that growth had stalled, exacerbating high levels of unemployment and increasing hardship for millions of citizens. 😂😂🤣🤣🤣🤣🤣🤣🤣🤣🤣
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N Cape Department of Agriculture wages war against stock theft - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The Northern Cape Department of Agriculture is partnering with farmers and police to curb stock theft. In 2019 farmers lost hundreds of animals.
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