SA Retail Sales Rose Higher than Expected for April 2010

With the World Cup well under way and disappointing performance for SA in last nights game against Uruguay. In contrast positive economic data and a rally on the JSE can make up for our football team woes. Today Stats SA reported better than expected Retail Sales for April Y/Y at 3.2% compared to 2.7% for March 2010. The JSE rose 2.15% on Monday, 1% on Tuesday and today the JSE is currently up 0.55% (up 3.65% for the week)