date:Aug 21, 2013
ressure, growth in retail sales will remain subdued in the coming months, Nedbanks economic unit says. Furthermore, the prospect of labour instability in the mining and manufacturing sectors suggests that consumer incomes are likely to come under further pressure, constraining spending growth, particularly on non-discretionary goods.
Last month, South Africas largest supermarket chain, Shoprite, said total sales growth declined to 10.4% in the six months to end-June, compared with 13.8% in the