South Africa's retail sales up 4.2 percent

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RetailOne

Bloomberg

Photographer: Andras Hajdu/Bloomberg.

Johannesburg - South Africa's retail sales grew more than expected at 4.2 percent year-on-year in November from a revised 1.4 percent in October, Statistics South Africa said on Wednesday.

Economists had expected sales growth of just 1 percent.

On a month-on-month basis sales were up 1.2 percent and also increased by 2 percent in the three months to November compared with the same period the previous year. - Reuters


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