Weak retail sales show riots hit harder than expected

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SA's retail trade sales for August declined by 1.3% year-on-year .
SA's retail trade sales for August declined by 1.3% year-on-year .
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After retail sales slumped more than 11% in July following the civil unrest in KwaZulu-Natal and Gauteng, new data from Statistics SA shows a weak recovery in August - sales only managed to grow by 4.9%.

The unrest hit more than 200 shopping centres and many stores still remain closed after extensive damage.

August’s retail sales were also 1.3% lower than in August 2020 – at the height of the first Covid-19 wave.

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