South Africa Wholesale Sales Growth Slows In March

South Africa's wholesale trade rose for the fifth month in a row in March, albeit at a softer pace, data from Statistics South Africa showed on Thursday.

Wholesale sales rose an unadjusted 2.6 percent year-on-year in March, after a 7.2 percent growth in February.

On a monthly basis, wholesale sales fell a seasonally adjusted 1.1 percent in March, after a 0.7 percent growth in the previous month.

For the three months ended in March, wholesale sales rose 3.8 percent, following a 2.4 percent increase in the previous three months ended in February.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
A multi-state listeria outbreak that has killed one and sickened at least 23 others has been linked to Florida -based Big Olaf Creamery brand ice cream, according to the Centers for Disease Control and Prevention or CDC. The outbreak strain has been reported from 10 states, resulting in 22 hospitalizations. One death has been reported from Illinois. Natreve, a premium wellness company, is recalling certain Vegan Protein Powder due to undeclared milk, a known allergen, the U.S. Food and Drug Administration said. The recall involves specific batches of its Vegan Protein Powder French Vanilla Wafer Sundae flavor. The impacted products are stored in 13 oz (10 servings) and 1.47lb (18 servings) white tubs. The Federal Communications Commission or FCC has granted SpaceX Services, Inc. authorization to use its Starlink satellite internet system on vehicles in motion. SpaceX, owned by Elon Musk, is allowed to operate consumer and enterprise Ku-band Earth Stations in Motion or ESIM using frequencies allocated to the fixed satellite service. The approval would help the company to expand its services to
Follow RTT