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Black Friday provides boost for SA retail sales

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Johannesburg – Following a short-lived boost, retail sales may slow down in the first half of 2017 because of increased consumer pressures in the coming months, say analysts.

Annual retail sales were up by 3.8% in November 2016, according to data released by Statistics South Africa (Stats SA) on Wednesday.

Black Friday helped boost sales growth by 3.5% from October 2016, explained Jason Muscat, FNB senior economic analyst. This contrasts from the -0.6% decline in sales from September to October.

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