The BER’s retailer confidence and profitability indices fell to their lowest levels since mid 2020, when hard Covid-19 lockdowns were in place
Retail confidence dropped in the second quarter of 2023 as a result of soaring load-shedding-related costs, persistently high food inflation and rising interest rates — now at a 14-year high — all factors that have led to a marked deterioration in retailer profitability.
The Bureau for Economic Research’s quarterly retail trade survey shows that retailer confidence dropped to 20% during the second quarter of 2023, down from 34% in the first quarter...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WATCH | City Power implements 'emergency shutdown' at Roodepoort substation following blaze | News24City Power has implemented an 'emergency shutdown' at the Ontdekkers substation following a fire on Sunday night. | iavanpijoos
Read more »
Eskom issues tender for socio-economic development plan at Komati Power Station | The Citizen🌍💡Eskom's Just Energy Transition is in full swing as they seek a service provider to lead the socio-economic development plan for Komati Power Station. 🌱🔌 RenewableEnergy Eskom loadshedding TheCitizenNews Read more⬇️
Read more »
MARC HASENFUSS: Banking on Reunert’s cash powerIt suddenly feels like a better time to be alive — with the dividends of the electronics and technology conglomerate to rely on, less load-shedding and a rally in Spar shares, writes MarcHasenfuss.
Read more »
ANALYSIS | SA’s governing party performing dismally, but a flawed opposition keeps it in power | News24Unless opposition parties can convince dissatisfied voters that they provide a credible alternative, the ANC may still win a majority of votes come 2024, write Collette Schulz-Herzenberg and Robert Mattes.
Read more »
South Africa's Ruling Party Is Performing Dismally, but a Flawed Opposition Keeps It in PowerAnalysis - As power cuts continue, the economy falters, unemployment rises and the currency tumbles, South Africa's political commentators tend to agree that support for the governing African National Congress (ANC) will fall under 50% in the 2024 national and provincial elections. If the party avoids a defeat, it could lead to a coalition government.
Read more »
HISTORIC INDICTMENT: Trump lacked power to declassify secret nuclear arms document, say expertsEven when he was president, Donald Trump lacked the legal authority to declassify a US nuclear weapons-related document that he is charged with illegally possessing, security experts said, contrary to the former US president’s claim.
Read more »