South Africa’s June retail sales outperform predictions [SOUND] 

# According to Statistics South Africa, retail sales surged by 4.1-percent year-on-year in June, surpassing forecasts and signalling improved consumer confidence. This increase follows a 1.1-percent rise in May and supports positive gross domestic product growth. With inflation easing to 5.1-percent, the Reserve Bank is anticipated to cut interest rates in September, offering potential relief to consumers. Stats SA’s Raquel Floris says the growth is driven by lower fuel prices and stronger sales in supermarkets: