South Africa: Retail Bounces Up - but Don't Get Excited

analysis

Despite a recent bounce in retail share prices, South Africa's economic fundamentals do not bode well for a recovery in the sector.

Amid a sea of red, Clicks' share price surged by 13% this week after the pharmacy retailer advised the market that its results could rise by as much as 18%, better than its previous set of (good) results and ahead of market expectations.

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