Retail sales fell sharply in June, a sign that households are feeling the pressure of declining disposable incomes as a result of higher interest rates, fuel prices and food prices. The June release follows two consecutive quarters of positive growth and concludes second-quarter results. Sifiso Skenjana speaks to Dr Hlabi Morudu, Chief Director for Business Cycle Indicators at Stats SA about the sales data.

<p>Retail sales fell sharply in June, a sign that households are feeling the pressure of declining disposable incomes as a result of higher interest rates, fuel prices and food prices. The June release follows two consecutive quarters of positive growth and concludes second-quarter results. Sifiso Skenjana speaks to Dr Hlabi Morudu, Chief Director for Business Cycle Indicators at Stats SA about the sales data.</p>

POWER Business is on every weeknight, offering a wrap-up of the day’s business news, analysis of market trends and advice on all money-related matters. Noluthando Mthonti-Mlambo interviews leading CEOs whose businesses are making headlines. POWER Business also has a human interest focus, unpacking the nature of the economy and empowerment more broadly.

<p>POWER Business is on every weeknight, offering a wrap-up of the day’s business news, analysis of market trends and advice on all money-related matters. Noluthando Mthonti-Mlambo interviews leading CEOs whose businesses are making headlines. POWER Business also has a human interest focus, unpacking the nature of the economy and empowerment more broadly.</p>

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