Retail and wholesale sales recorded marginal improvements in August and July 2022, but latest production figures showed significant declines. Imports also accelerated while exports declined. Overall, economic growth and activity appear to be slowing down with the exchange rate depreciating despite higher interest rates. Economic and policy uncertainty have risen sharply in view of the extreme load shedding conditions and inaction by government on all fronts in view of the political battles for control of positions of power and resources.
Subscribers to EasyData can download the complete report in PDF format on www.easydata.co.za.