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.”