Weak economy demolishes Cashbuild’s trading outlook
The building materials supplier has reported a double-digit drop in half-year profit
03 March 2020 - 19:29
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. ..
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