Retail sales tick up 0.2% year-on-year in September
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Consumers appear to have tightened their purse strings, retail sales came in flat in September, up a tepid 0.2% year-on-year and up 0.5% month-on-month. General dealers which account for half of the overall sales fell 0.7% while retailers in textiles, clothing footwear and leather goods grew 3%. What does the depressed retail sales print suggest about consumers ahead of the silly season and in particular, Black Firday. Elize Kruger, Senior Economist at NKC African Economics spoke to Business Day TV about the latest print.