South Africa's trade conditions subdued in October: survey


  • World
  • Thursday, 16 Nov 2023

JOHANNESBURG, Nov. 15 (Xinhua) -- Trade conditions in South Africa remained weak in October with some businesses recording declining sales, the South African Chamber of Commerce and Industry (SACCI) said on Wednesday.

"A significant majority of respondents, about 56 percent, perceive the present trade conditions to be worse than those in October 2022. In October, 70 percent of respondents noted a decline in sales volumes, while 32 percent reported an increase in new orders," the SACCI said in its latest trade environment survey.

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