Looking good

  • Fact: #

Total retail sales in South Africa fell 1.5% year on year in February 2010 – the 13th consecutive month of declines, though sales of pharmaceuticals and medical products, cosmetics and toiletries rose 7.2%. (The Times, 2010-04-17)

This week’s theme: Retail

One response to “Looking good

  1. Andre

    14 years Ago

    No surprise here.If you think how people spend an average of 10k a month – Rent 30%; HP inst 15% ; Fuel 10% % ; Elec,rates,water 10%; schooling fees 15% ; That leaves 10% to food and retail. With new Toll fee taxes – the SA public is slowly paying up to 40 % of their dispensable income in ‘taxes’ to the government.(Fuel tax is 55% of the value/liter).This is similar to a communist state of the late eighties.As only 70% of this is put back in the system,someone is getting very rich at the expense of Joe public.

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