Picture: 123RF/ROBERTSROB
Picture: 123RF/ROBERTSROB

Retail sales came in flat in September, up a tepid 0.2% year on year and up 0.5% month on month, indicating that consumers seem to have tightened their purse strings.

General dealers, which account for half of the overall sales, fell 0.7%, while retailers in textiles, clothing footwear and leather goods grew 3%.

NKC African Economics senior economist Elize Kruger joined  Business Day TV to talk about the data.

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