SA consumers are getting relief from less load shedding but are still taking strain from higher prices
Loading player...
GUEST - Nikki Quinn, Retail Lead for sub–Saharan Africa at NIQ and GfK
South African shoppers spent a total of R181 Billion on FMCG in the second quarter (Q2) 2024, representing a 4,8% uplift compared with the same period last year. The Tech & Durables (T&D) market, meanwhile, remained virtually unchanged from the same period last year at a value of R31 billion for Q2 2024.
This is according to insights from the NIQ Retail Spend Barometer which combines data from NIQ and GfK to measure the turnover in sales of FMCG and T&D goods purchased in stores across South Africa.
South African shoppers spent a total of R181 Billion on FMCG in the second quarter (Q2) 2024, representing a 4,8% uplift compared with the same period last year. The Tech & Durables (T&D) market, meanwhile, remained virtually unchanged from the same period last year at a value of R31 billion for Q2 2024.
This is according to insights from the NIQ Retail Spend Barometer which combines data from NIQ and GfK to measure the turnover in sales of FMCG and T&D goods purchased in stores across South Africa.
