Loashedding, inflation & high interest rates cause retail confidence to fall by 14%.
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GUEST – Helanya Fourie – Senior Economist, BER
The BER’s retailer confidence and profitability indices fell to their lowest levels since mid 2020, when hard Covid-19 lockdowns were in place Retail confidence dropped in the second quarter of 2023 as a result of soaring load-shedding-related costs, persistently high food inflation and rising interest rates — now at a 14-year high — all factors that have led to a marked deterioration in retailer profitability
The BER’s retailer confidence and profitability indices fell to their lowest levels since mid 2020, when hard Covid-19 lockdowns were in place Retail confidence dropped in the second quarter of 2023 as a result of soaring load-shedding-related costs, persistently high food inflation and rising interest rates — now at a 14-year high — all factors that have led to a marked deterioration in retailer profitability
