Higher interest rate affects retail trade

GROWTH FOR the wholesale and retail trade, catering and accommodation sector has been good, however in recent months this has slowed down owing to the interest ratesensitive environment. While factors like global growth and growth in Africa increasing black consumer participation should bolster this market, there will also be risks posed by high interest rates, tourism concerns and debt. “Tourism has the potential to add great value to this sector and the economy in light of the 2010 Soccer World Cup and prospective repetitive visits.”