South African Consumers Lift Discretionary Spending as Inflation Continues to Abate

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2018 records the highest retail sales growth for the month of April in six years, according to Mastercard SpendingPulse

Total South African retail sales for April 2018 grew by 3.7 percent year-on-year after removing the effects of inflation, showing the highest growth rate seen in April in the past six years. This is according to the Mastercard SpendingPulse April 2018 report, which provides a macroeconomic analysis of retail spending trends in South Africa.

The health of retail performance for April 2018 follows a strong first quarter for the South African retail market. Total retail sales including the impact of inflation climbed 6.4 percent year-on-year. Inflation contributed just 2.7 percentage points to retail sales – the lowest inflation contribution…

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