CLOTHING retailer Truworths says sales and profitability continue to be adversely affected by restrictive pricing laws, which negatively affect competitiveness against unregulated sectors.
In a trading update for the quarter ended October 9, 2022, Truworths chief executive Bekithemba Ndebele described the environment as uncertain and questioned the sustainability of the bank policy rate of 200 percent while bemoaning tight ZWL liquidity.
Subscribe to The Financial Gazette
This is premium content. Subscribe to read article.