Weak economy demolishes Cashbuild’s trading outlook
The building materials supplier has reported a double-digit drop in half-year profit
Building materials retailer Cashbuild expects weak trading conditions to persist in the remainder of its financial year due to low consumer and business confidence as well as a declining economy.
SA’s economy contracted 1.4% in the last three months of 2019, worse than the 0.2% fall expected in the Bloomberg forecast. ..