South Africa’s retail sales up 2.4% year/year in June

0
348
Shoppers walk past South Africa's Mr Price clothing store in Johannesburg, South Africa, May 31, 2019. REUTERS/Siphiwe Sibeko

JOHANNESBURG (Reuters) – South African retail sales rose 2.4% year-on-year in June following a revised 2.3% increase in May, Statistics South Africa said on Wednesday.

On a month-on-month basis, sales were up 0.3%. For the quarter, they rose 2.4% in the three months to the end of June compared with the same period last year, the statistics body said.

Reporting by Olivia Kumwenda-Mtambo; Editing by Peter Graff

SHARE
Previous articleSteinhoff’s overseas business restructure debt after scandal
Next articleSouth Africa’s rand rises before release of retail sales data
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.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.