'Weak growth in retail trade sales indicates financial strain consumers are under' - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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'Weak growth in retail trade sales indicates financial strain consumers are under' via SABCNewsOnline

show a low 1.1% increase in retail trade sales in August 2019.

The main contributors to the marginal growth came from general dealers, retailers in household furniture, appliances and equipment.“Specifically, I think that the job market remains strained, and wage increases have been moderating lately. It makes it more difficult to keep up with. More people losing jobs, some people have to take a cut in salary – so all of that is putting more pressure on the disposable income of a household.

 

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