The JSE’s general retailers index has had its worst year in almost two decades, encapsulating what has been an annus horribilis for the sector as it battles a depressed consumer environment.
Analysts say the outlook is unlikely to change until momentum in the wider economy — hobbled by poor growth and widespread joblessness — improves and consumer spending power recovers.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.
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