logo
  

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
Longmont Colorado -based Royal Crest Dairy is recalling 2% Chocolate Milk citing the potential to be contaminated with undeclared egg, a known allergen, the U.S. Food and Drug Administration said. The recall involves Farmer's 2% Reduced Fat Chocolate Milk Pints with the code date of AUG-22. ANI Pharmaceuticals, Inc. (ANIP) Monday announced a wider loss for the second quarter, despite a 52 percent surge in revenues. For the full year 2022, the company reiterated the adjusted earnings per share range, revenue guidance and raised Cortrophin revenue outlook. The company reported a quarterly... Shares of BioNTech SE were losing around 4 percent in the morning trading in Germany and around 5 percent in the pre-market activity on Nasdaq after the German Covid-19 vaccine maker reported sharp drop in profit and revenues for the second quarter. However, the company recorded strong growth in first-half results. Further, the company maintained BioNTech COVID-19 vaccine revenue guidance
Follow RTT