Is SA's retail sector in deep crisis?
The retail sector in SA does not look healthy.
One example is - embattled Edcon recently decided to shut down its massive Rosebank Edgars store.
Last year they closed down other under-performing stores.
How bad really, is South Africa's retail sector?
This is somewhat self-imposed over the retail sector. We've had huge store expansion. It's not all on the back of a weak consumer. They continue to open a lot of space. Unfortunately we think it's going to get worse before it gets better.Evan Walker, portfolio manager - 36ONE
I don't think consumers are feeling very confident. We're not going to feel confident after the Eskom increase coming in April. South Africa looks quite constrained.Evan Walker, portfolio manager - 36ONE
There's no doubt that businesses need to reinvent themselves. People are also moving aggressively to online shopping.
I think to a large extent as well they don't offer the level of service required for people to buy what they need.Evan Walker, portfolio manager - 36ONE
Listen to the full interview on the retail sector below.
Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning.
This article first appeared on 702 : Is SA's retail sector in deep crisis?
The Southern African Alcohol Policy Alliance in South Africa (SAAPA SA) has advised the command council to introduce tougher restrictions on booze.Read More
The Presidency has now deleted an infographic on social media suggesting that leisure travel is allowed under level 3 regulations.Read More
Eskom announced the return of load shedding on Friday due to reduced generating capacity and increased pressure on the grid.Read More
More people are likely to die from Covid-19-related hunger than the disease itself, warns Oxfam in its “Hunger Virus” report.Read More
Pavlo Phitidis says focus must be on the customer group you are trying to reach. You've got to get your demographics right.Read More
Though leaving corporate to venture into tourism has been a big test of resilience, she is still happy with her decision.Read More
Lumkile Mondi says skills and knowledge that have driven a lot of the growth in the past are going to be undermined.Read More
Need the inspiration to save? The Money Show’s Bruce Whitfield interviews “Supersaver Julia” at around 7:15 pm tonight.Read More
"The generation system is constrained due to the cold front. Expect load shedding," warns Eskom's Sikonathi Mantshantsha.Read More