Tuesday, December 10African Digital Business Magazine

Tag: retail industry south africa

South Africa News

NIQ Retail Barometer: South Africans Expend R214 Billion on FMCG and Durable Goods in Q3 2024

South African consumers have spent R214 billion on Fast-Moving Consumer Goods (FMCG) and Technology & Durable products in the third quarter of 2024, representing a year-over-year growth of 4.1%. This is according to new insight from the NIQ Retail Spend Barometer, which has been drawn from GfK – an NIQ company – intelligence and measures the turnover in sales of FMCG and non-food consumer products sold in retail stores nationwide. The NIQ Retail Spend Barometer provides a complete overview of South African spend for the FMCG sector (ambient and fresh food and drink, healthcare, toiletries, homecare and general merchandise) and for the Tech & Durables sector (technical consumer goods, household appliances and DIY). This cross-category and cross-channel overview is based on real sal...