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Cash-strapped consumers still spending on clothing and footwear

Clothing and footwear have been the largest contributor to retail trade since October 2022

File photo by Delwyn Verasamy/M&G

Bleak outlook for South Africa’s struggling retail sector

Retailer confidence has slumped to the lowest levels since the 2020 Covid-19 lockdowns

Climate change slightly more of a priority for chief executives, says Pwc survey

But 27% of the chief executives canvassed report being ‘not concerned at all’ or ‘not very concerned’ about climate change

The budget-balancing act takes centre stage

Finance Minister Tito Mboweni has the difficult task of kick-starting a stalled economy while also cutting on spending

(John McCann/M&G)

Covid caution infects investors

The pandemic has forced some companies to cancel or pause capital expenditure, jeopardising long-term economic growth

Mobile internet users are required to input a code on their phones to prove payment of the charge before they are able to access certain websites.

Nupsaw rejects public sector wage deal

Nupsaw general secretary Success Mataitsane said the union “rejects this agreement with the contempt it deserves”

Close to majority of unions sign public sector wage deal

PSA not budging as government, unions agree to above-inflation wage hikes

The PSA which represents 238 000 members is sticking to its demand for 10% raises across the board and balloted its members this week towards a strike

Growth was supported by increases in eight of 10 key industries, with major contributions coming from mining, manufacturing, trade and agriculture, while declines were reported in the transport and construction sectors.
(David Harrison)

SA purchasing managers’ index rises to four-month high

Results show manufacturing has rebounded, but the outlook for the sector is expected to remain challenging.

Consumer confidence drops sharply

The consumer confidence index plunged seven points in the third quarter of 2011 as sentiment about the economy worsened.

SA growth recovery expected to continue

South Africa’s growth recovery is expected to continue, the Bureau of Economic Research said on Monday.

Consumer confidence declines

Consumer confidence declined further during the third quarter of 2007, according to First National Bank and Stellenbosch University’s Bureau of Economic Research’s consumer…