WATCH: The meaning behind the retail numbers
South African retail sales showed growth in May.
Sales were up almost 2% — the first uptick since the new taxes came into effect in April.
But analysts still warn that the improved results are unlikely to save SA from a recession in the second quarter.
Independent analyst Syd Vianello spoke to Business Day TV about the data and what it means for the broader economy.
Independent analyst Syd Vianello talks to Business Day TV about the retail data and what it means for the broader economy
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