JOHANNESBURG, Dec 7 – Growth in South Africa’s retail sales slowed more than expected in October, suggesting that consumer demand is still hesitant and interest rates will stay low for longer.
Tag: south africa growth
S.Africa growth slows, boosts case for rate cut
JOHANNESBURG, Aug 30 – South Africa’s economy grew at its slowest pace in almost two years in the second quarter as the manufacturing and mining sectors slumped after strikes, boosting the case for interest rate cuts while denting the government’s job-creation hopes.