#BizPrime CHART OF THE DAY: The retail sector

79 views · Published 30 May 2017 · 1:56 · Indexed 21 September 2026

Channel: SABC News · 2017 · News & Politics

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The retail sector was in focus today after Mr Price reported its first decline in profits in 16 years. Headline Earnings per share - a main measure of profit - fell by more than ten percent. And Mr Price was complaining about politics. It said that cabinet reshuffles and downgrades by rating agencies have caused further rand volatility, which the consumer ultimately has to absorb. The fallout on the market was positive rather than negative. 

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