Retail trade fell in January as SA households continued to be low on cash, a signal that tight monetary policy will continue to weigh on consumer pockets in the first half of 2024 before conditions ease.

The slow start to 2024 is captured in Stats SA data released on Wednesday showing retail sales slumped 2.1% in January compared with those of the previous January after December’s upwardly revised 3.2% increase. ..

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