Retail sales top R519bn in the year to May 1: NielsenIQ
Global market research company warns that the data was compiled before the most recent fuel price hikes that are likely to shrink consumers’ pockets in the months ahead
15 June 2022 - 19:42
Retail sales in the 12 months to May 1 rose 13% year on year to R519bn, but they exclude the latest fuel price hikes and their effect will probably make consumers more tight-fisted in the months ahead.
The latest data from market research and global consulting company NielsenIQ, released on Wednesday, also found sales increased by R42bn in the four weeks ending May 1, a 10% increase year on year...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.