Stats SA recently released the retail sales figures for May 2023 and they generally make for dismal reading. 

Overall, retail sales fell in constant 2019 terms by 1.4% year on year, after a revised 1.8% drop in April. Every month in the 2023 year to date has seen a drop in retail sales. That hasn’t happened in the past five years and highlights just how tough retailing conditions have become, with a few exceptions...

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