South Africa’s retail sales rise 4.8 percent y/y in March

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JOHANNESBURG (Reuters) – South African retail sales rose 4.8 percent year-on-year in March after increasing by a revised 4.2 percent in February, data from the statistics office showed on Wednesday.

Shoppers push trolleys at an upmarket shopping mall in Sandton, Johannesburg, in this September 23, 2015 file photo. REUTERS/Mike Hutchings

On a month-on-month basis, sales were flat. Sales rose 4.1 percent in the three months to the end of March compared with the same period last year, Statistics South Africa said.

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