Retail trade sales decreased in June, falling for a seventh successive month in another sign of growing financial pressure on consumers as South Africans continue to suffer the brunt of growing borrowing costs in a high-price environment, compounded by weak economic activity and high unemployment.

Stats SA data on Wednesday showed retail sales fell 0.9% after an upwardly revised 1.6% drop in the prior month, and much lower than the market forecast of a 0.2% decline...

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.