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South Africa’s retail sales down 4.2% year on year in August

JOHANNESBURG (Reuters) – South African retail sales shrunk by 4.2% year on year in August following a revised 8.6% contraction in July, Statistics South Africa said on Wednesday.

However, on a month-on-month basis sales were up 4% compared to a 0.6% monthly contraction in July, but in the three months to the end of August sales fell 6.7% compared with the same period last year, the statistics body said.

(Reporting by Mfuneko Toyana; Editing by Promit Mukherjee)

Shoppers push trolleys as they leave after shopping at the Checkers super market in Polokwane

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