The only things doing well in SA shops are ... tumbleweeds
SA retail as a whole is looking bleak – and some analysts say their investment funds barely touch it
People have to eat, which means investors chasing growth at lower risk choose safer stocks such as food stores instead of retailers selling high fashion. Bread is less profitable, but perhaps more reliable, than high heels and handbags.
But SA retail as a whole is looking bleak – and some analysts say their investment funds barely touch it. Stats SA said retail sales grew only 1.25% in 2019, somewhat less than the growth in population. It means South Africans are buying less food, clothing and medications per person.
Even the busiest month of 2019 was bad. Retail sales decreased in December by 0.4% year on year. General dealers who sell food were down 0.8%...