This research report presents a forecast of formal retail sales for 2022. The 2022 forecast provides results derived from a probabilistic macroeconomic forecasting model in addition to an exploration of the drivers of cash sales in the South African retail market and the methods of payment. The report features seasonal trend analyses and breakdowns of retail trade sales patterns according to outlet type. The research estimates formal retail sales growth in nominal and real terms as well as average price increases in retail items for 2022.

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