SA retailers feeling increasingly confident as load-shedding slows.

Loading player...
GUEST - Craig Lemboe, deputy director at the Bureau for Economic Research

Retailers in South Africa are feeling increasingly confident, but economists are not expecting a festive time for retailers as 2023 comes to an end. According to the latest BER Retail survey, after climbing from a three-year low of 20 in Q2 2023 to 32 in Q3, the number of retailers that were satisfied with the prevailing business conditions increased further to 47 in the fourth quarter – the highest reading since 2022Q3.

The BER said that the improvement in confidence appears to be driven by improvements in profitability and general business conditions – with load shedding improving at the time of the survey – instead of sales growth.
14 Dec 2023 3PM English South Africa Business News · Investing

Other recent episodes

Clicks Crosses R50bn: Growth Through Scale

Clicks Group has become a R50 billion turnover business, cementing its position as one of South Africa's retail success stories. CEO Bertina Engelbrecht discusses the drivers behind the milestone, changing consumer behaviour, pharmacy-led growth and how the retailer plans to expand while navigating a tough consumer environment.
22 Oct 12PM 15 min

Strong Cash Flow, Softer Profits: Inside Famous Brands' Interim Results

Famous Brands delivered a resilient performance in difficult trading conditions, growing revenue and more than doubling free cash flow while navigating consumer pressure and global uncertainty. CEO Darren Hele discusses cash generation, expansion plans, shareholder returns, challenges in key regional markets and what current trading conditions reveal about South African…
21 Oct 1PM 14 min

Revenue, Reform and Growth: SARS at the Centre of Treasury's Plan

South Africa's latest Medium-Term Budget Policy Statement puts revenue collection at the heart of government's fiscal ambitions. SARS Commissioner Johnstone Makhubu unpacks how revenue collections exceeded expectations despite weaker economic growth, what this means for infrastructure spending, debt sustainability and public services, and why compliance and economic expansion remain critical…
21 Oct 12PM 15 min

SA Outlook: Is Investment Grade Back Within Reach?

Could South Africa regain investment-grade status by 2028? Investec's Osagyefo Mazwai explains why the country's fiscal position, institutional reforms and improving credibility are shifting the ratings conversation. We explore the remaining obstacles, the importance of the MTBPS and what investors should watch next.
20 Oct 1PM 16 min

Borrowing To Survive: South Africa's Money Squeeze

The latest Money & Me survey paints a worrying picture of household finances, with more consumers borrowing before month-end, dipping into retirement savings and turning to side hustles to stay afloat. Sarah Nicholson of JustMoney unpacks what the data reveals about financial stress, debt burdens and economic resilience among South…
20 Oct 1PM 17 min