Retail stocks face another tough year as economic growth sputters
16 February 2020 - 17:46
Retail stocks could be in for another rough ride in 2020, as the threat of load-shedding and an economy predicted to grow by less than 1% continue to cast a shadow over the sector.
The JSE’s general retailers index, which includes Massmart, TFG and Pepkor, has dropped by almost 8% so far in 2020 — after recording its biggest fall in 21 years in 2019.
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