Pain in store for most of the economy The sustained weakness in the rand against major global currencies such as the dollar, sterling and euro will have implications for most sectors of the economy and is expected to make already tough economic conditions even tougher for consumers. Clothing retailers have indicated that if the rand remained at current levels, double-digit price increases would be unavoidable in the second half of the year. The prospect of significantly higher import prices is encouraging most retailers to look to local sources of supply. Full story: lnkd.in/dG45xJj
Posted on: Tue, 28 Jan 2014 06:20:20 +0000
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