Retail sales expected to turn positive
South African retail sales fell unexpectedly by 1.5% year-on-year in February, following an identical drop in January -- but are expected to turn positive in the second quarter as consumer confidence and finances improve.
Retail sales edged up a less-than-expected 0.1 per cent to $36 billion in July as a decline in auto sales was offset by higher sales of furniture, electronics and building supplies, Statistics Canada reported Monday.