South Africa Daily Business Daily: Retail Sales Growth Exceeded Expectations In December

According to the daily business daily website of South Africa on February 16, the latest data from the South African Bureau of statistics showed that South Africa's retail sales increased by 3.1% year-on-year in December, exceeding the 2.6% predicted by the economists of the Peng Bo news agency. The reason is that the relaxation of the ban will help create a favorable environment for consumers, In particular, it has boosted retailers of textiles, clothing and footwear, as well as leather products. In addition, in 2021, the retail sales of South Africa increased by 6.4% year-on-year. During this period, all seven types of retailers showed a positive growth trend, reflecting the recovery of trade environment after the retail sales of South Africa shrank by 7.1% in 2020.

(source: website of the Ministry of Commerce)