Consumers spent R103bn in 2024 on food and liquor at independent traders, slightly less than the previous year, according to a report by market researchers NIQ South Africa.
In their “State of the Retail Nation” analysis for 2024, they said consumers spent nearly R637bn on fast-moving consumer goods (FMCG) through traditional and modern trade channels — a year-over-year growth of 3.4%, mostly driven by price increases rather than higher consumption...
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