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SA trade in holding position - index

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Cape Town - A lack of government support, political posturing for local government elections, service protests, seasonal factors and the slow pace of orders are restraining trade in South Africa at the moment.

That is reflected by respondents in the latest monthly Trade Activity Index (TAI) by the SA Chamber of Commerce & Industry (Sacci).

"Trade in SA - in other words broader than just retail - is sort of in a 'holding position' at the moment because of these various restraints respondents highlighted," Sacci economist Richard Downing told Fin24 on Wednesday.

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