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May 27 2012 11:21
There's a price war raging between South Africa's cellphone networks after Cell C lowered the rates of its prepaid calls by more than 34%.
May 27 2012 11:49
The country's 200 000-odd Tupperware agents are angry about the counterfeit products being sold as the real McCoy.
May 27 2012 13:09
The oversupply of golf estates has claimed another victim.
Johannesburg - It is clear that retailers will face a tough few quarters before conditions improve, and this is likely to happen
only in 2010, according to Standard Bank's economics team.
The February data is due at 11:00 on Wednesday next week.
"Retailers are currently experiencing tough trading conditions as higher interest rates, tighter credit standards, and surging food and fuel prices are having a crippling effect on business and consumers' purchasing power," say the analysts.
"Electricity load shedding is adding to the woes, and related price
pressures are further eroding the consumers' discretionary spending power," they conclude.
January's real retail sales, as reported by Statistics SA, confirmed that growth has started 2008 on a poor note, as it floundered for a third month in a row at around the zero percent level compared with growth a year before.
- I-Net Bridge