SA's retail sales up 3.5% y/y in December

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INDEPENDENT NEWSPAPERS

Shoprite has opened its first outlet in northern Nigeria, defying wider concerns about security in the region. Photo: Leon Nicholas.

Johannesburg - South Africa's retail sales grew at 3.5 percent year-on-year in December from a revised 4.4 percent in November, Statistics South Africa said on Wednesday.

Economists had expected sales growth of 2.7 percent.

On a month-on-month basis sales were up 1.4 percent and increased by 3.1 percent in the three months to December compared with the same period the previous year. - Reuters


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