85
Fashion Jobs
JO MALONE LONDON
Education Manager, Jml/lm
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L'OREAL GROUP
Senior HR Operations Executive/ Assistant Manager
Permanent · HO CHI MINH CITY
ADIDAS
Key Account Manager (Franchise)
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager, Commercial, Adigolf, Vietnam 1
Permanent · HO CHI MINH CITY
ADIDAS
Key Account Manager 1 (Franchise)
Permanent · HO CHI MINH CITY
COLUMBIA
lo Costing & Engineering Manager
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Category Manager - Cpd
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Business Planning Manager - Cpd
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager Product Creation (Sportwear)
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Product Manager - Shu Uemura
Permanent · HO CHI MINH CITY
ADIDAS
Manager, Quality Product Integrity
Permanent · HO CHI MINH CITY
TAPESTRY
Manager, Manufacturing Engineer
Permanent · HO CHI MINH CITY
SPECIALIZED
Painting Quality Engineer - Bình Dương, Vietnam
Permanent ·
ON RUNNING
Social Compliance Specialist - Hcm Based
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager, Sourcing Operations
Permanent · HO CHI MINH CITY
WILLIAMS SONOMA
Wood Sustainability Specialist - (Global)
Permanent · THUẬN AN
PUMA
Manager Quality Apparel & Accessories
Permanent · HO CHI MINH CITY
PUMA
Senior Executive, Finance
Permanent · HO CHI MINH CITY
PUMA
Head of Quality Footwear
Permanent · HO CHI MINH CITY
PUMA
Quality Engineer Cobra
Permanent · HO CHI MINH CITY
PUMA
Key Account Manager, Marketplace E-Com
Permanent · HO CHI MINH CITY
ON RUNNING
Head of Footwear Sourcing
Permanent · HO CHI MINH CITY
By
Reuters
Published
Oct 18, 2018
Reading time
2 minutes
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South Africa's retail sales jump as spending on fashion, cosmetics grows

By
Reuters
Published
Oct 18, 2018

South Africa’s retail sales rose in August as household goods, clothing and cosmetics grew, data showed on Wednesday, with recovering consumer spending a sign the economy is climbing out of a recession that has piled pressure on President Cyril Ramaphosa.

The expansion was much more than the 0.3 growth forecast and was the highest rate of growth since May 2018 - Reuters


Sales rose 2.5 percent year-on-year in August after increasing 1.4 percent in July, the statistics office said. The expansion was much more than the 0.3 growth forecast by a Reuters poll, and was the highest rate of growth since May 2018.

Africa’s most industrialised economy hit a recession in the second quarter, as declines in household expenditure due to record-high fuel prices and higher value-added tax combined with contractions in manufacturing and agriculture to hurt growth.

Trade accounts for 15 percent of gross domestic product, and improved retail spending is crucial to Ramaphosa’s economic revival plan and a promise to create an additional 275,000 jobs a year to ease record-high unemployment.

“This number is good because it shows consumer spending, which accounts for about 60 percent of GDP is recovering,” said economist at Nedbank Johannes Khosa.

“Although it confirms our view that growth came out of recession in the third quarter, the Treasury won’t read too much into the data because there is a chance of a big reversal next month,” Khosa said.

Next week’s medium term budget by the new finance minister, Tito Mboweni, will be closely watched for details of Ramaphosa’s stimulus plan, although analysts do not except any major policy shifts and rather a focus on maintaining fiscal consolidation that has kept ratings agencies at bay. 

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