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According to Statistics South Africa, South Africa’s retail trade shrank in real terms a further 1.4% YoY in May, marking the sixth consecutive month of lower year-on-year retail activity.
Eighty20 recently joined a panel of industry leaders, including the CEO of Takealot Group, to discuss how marketers can better use data to help their brands achieve sustained success.
Savings are crucial during stressful periods for individuals and households alike. In the peak of Covid-19 times, when mobility was restricted, and only essential services and outlets were operational, many of us had to dip into our savings.
In South Africa, alcohol takes centre stage for toasts, whether it’s a special occasion or a sports game. A beer around the braai or a glass of wine at a book club has become a lifestyle. While South Africans revel in their liquid traditions, they do not hold the title for the highest alcohol consumption in the world.
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As South Africans began 2023 experiencing a quarter of every day without electricity, coupled with rising interest rates and a weakening currency, it seems the significant pressure consumers were feeling at the end of last year has only escalated.
The Quarterly Labour Force Survey (QLFS) data was released this week showing that the official unemployment rate increased by 0.2 of a percentage point (just over half a percent) from 32.7%
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