Retail confidence dropped in the second quarter of 2023 as a result of soaring load-shedding-related costs, persistently high food inflation and rising interest rates — now at a 14-year high — all factors that have led to a marked deterioration in retailer profitability.

The Bureau for Economic Research’s (BER’s) quarterly retail trade survey shows that retailer confidence dropped to 20% during the second quarter of 2023, down from 34% in the first quarter...

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.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.