Retail trade sales rose 2.2% y/y in October 2018

PUBLISHED: Wed, 12 Dec 2018 15:04:30 GMT

Retail trade sales increased by 2.2 per cent year-on-year in October 2018, up from 0.6 per cent in the previous month. The biggest contributor was retailers in the household furniture, appliances and equipment was up 10.1 per cent. CNBC Africa’s Kopano Gumbi spoke to Tsitsi Hatendi-Matika, Head Retail Investment Specialist, Absa’s Wealth & Investment Management to unpack these numbers.

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