Latest News & Developments
South Africa's retail sector kicks off 2025 with impressive growth, as January sees a 7. 0% year-on-year increase in sales, driven by improved consumer spending power and a favourable economic environment.
The SACCI Trade Conditions Survey for February 2025 indicates a slight improvement in trade conditions, although challenges persist as many businesses remain cautious
This growth is driven by South Africans seeking more affordable vehicles amid economic challenges and high fuel prices. In contrast, the new vehicle market faced a 3. 0% decline in total sales in 2024 compared to the previous year, further highlighting the shift towards pre-loved cars.
While its rivals flounder, shift towards budget offerings and rationalise operations through closure of non-performing stores, Shoprite is growing its footprint. This is helping it trump up the competition, with sales volumes for the first month of the current second half year to June registering a further uptick.
As Chinese automotive brands climb the South African sales charts, we take a look at whether they have their customers, the broader industry and Mzansi at heart.
otus Holdings demonstrates resilience with a 2% dividend increase and 3% growth in headline earnings, despite challenging market conditions. The automotive giant maintains a 20. 3% market share in South Africa while adapting to shifting consumer preferences towards pre-owned vehicles.