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Retail confidence at 6-year high, as consumers start shopping again

21 June 2021 6:24 PM
Tags:
The Money Show
South African economy
Bruce Whitfield
Bureau for Economic Research
economic recovery
Tshepo Moloi

The Money Show’s Bruce Whitfield interviews BER economist Tshepo Moloi.
  • Retail confidence is at a six-year high

  • Despite positive indicators, GDP won’t reach pre-pandemic levels “any time soon”

  • Without structural reforms, the current lift won’t be sustained


Image: © milkos/ 123rf.com

Retailers feel more confident about the economy than at any time in the past six years, according to the Bureau for Economic Research (BER).

Consumers are spending again, buoyed by record-low interest rates.

The Money Show’s Bruce Whitfield interviewed BER economist Tshepo Moloi (scroll up to listen).

A lot of the figures we see, come off a very low base… Confidence of retailers is off the back of a very low base…

Tshepo Moloi, economist - Bureau for Economic Research

The stock market has been trending upwards…

Tshepo Moloi, economist - Bureau for Economic Research

South Africa will not be at pre-pandemic levels any time soon… We entered the pandemic in a recession…

Tshepo Moloi, economist - Bureau for Economic Research

In the absence of reforms, the future looks bleak for the South African economy… We don’t have fiscal room to manoeuvre…

Tshepo Moloi, economist - Bureau for Economic Research

This article first appeared on CapeTalk : Retail confidence at 6-year high, as consumers start shopping again




21 June 2021 6:24 PM
Tags:
The Money Show
South African economy
Bruce Whitfield
Bureau for Economic Research
economic recovery
Tshepo Moloi

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