Black Friday was dismal in 2020.
2 reading min
26 Jan 2021
South African Real (excl. inflation) retail sales in November 2020 slumped by 4% year-on-year, compared to a 2.3% y/y decline in October. This highlights the dismal Black Friday trading conditions experienced by retailers.
Key: Red denotes worse growth than average total retail sales growth and green denotes better growth than average total retail sales growth.
Source: Statistics SA, Sasfin Wealth
Because of the lock-down distortion, it is probably more relevant to consider the year-to-date (ytd) figures.
The key points that we believe are worth highlighting in this data are the following:
04 February 2021
9 reading min
Gaming the system.
Global equity markets ended the first month of 2021 in negative territory following a volatile period of trading activity driven by retail investors from WallStreetBets who banded together to challenge the Wall Street elite.
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