South Africa’s retail sales up 0.7 percent year/year in September

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A customer shops at a South African retailer Pick n Pay in Johannesburg, South Africa, April 19,2018. REUTERS/Siphiwe Sibeko/File Photo

JOHANNESBURG (Reuters) – South African retail sales rose 0.7 percent year-on-year in September after increasing by 2.5 percent in August, the statistics office said on Wednesday.

On a month-on-month basis, sales contracted 0.6 percent from a 0.6 percent expansion previously. Sales were up 1.5 percent in the three months to the end of September compared with the same period last year, Statistics South Africa said.

Reporting by Mfuneko Toyana; Editing by James Macharia

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

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