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Business Day Live


The industry’s top experts offer their best advice, research, how-to’s, and insights

Pick n Pay will avoid building “huge stores”, as consumers are becoming less inclined to do large weekly purchases, says CEO Richard Brasher. Excluding its Zimbabwean operations, the retailer opened 124 net new stores in the year to February 25, adding 3.3% to its total space. None of these new stores was hypermarkets, while the… Continued

Debt counselors are seeing a growing number of South Africans who have lost money gambling in crypto-currencies such as bitcoin and ripple. Some of them were victims of online scams, which resulted in their bank accounts getting raided by offshore hackers, or they were robbed by sellers who never actually delivered the digital currency after… Continued

After a long December holiday of over-spending and poor planning‚ pawn-shop and second-hand dealers are expecting an influx of people desperately short of cash in January. Meanwhile‚ debt rescue service providers say they see a “dramatic” increase in the number of people requesting their help at this time of year. Tom Fuhri‚ CEO of the… Continued

THE recent antipoor statement by Herman Mashaba, the Democratic Alliance’s (DA’s) Johannesburg mayoral candidate, during an interview on SABC, should not shock us at all. “It is interesting that you can expect poor people to be leaders. That is looking for trouble, in any given situation… The budget of the city of Johannesburg is R40bn… Continued

While the increase in the price of diesel between 62c and 63c a litre from Wednesday is going to bring some relief to battered consumers who depend on road transportation to convey most of the commodities they consume including food‚ the dismal state of the economy is going offset this drop. That’s the view of… Continued

THE rand was stronger against the dollar immediately after the Reserve Bank announced it would raise interest rates 50 basis points. The announcement, made on Thursday afternoon, brings the repo rate to 6.75% and the prime rate to 10.25%. At 3.36pm the local currency was trading at R16.2838 against the dollar from a previous close… Continued

THE Reserve Bank could this year be compelled to raise interest rates more frequently than last year to prevent the rand from pushing up prices, economists said. This trend could start at the Bank’s first meeting of the year at the end of this month. At 5.08pm on Monday, the rand was at R16.6565/$ after… Continued

While the substantial drop in the price of diesel announced on Thursday is welcome news for consumers‚ it won’t offset the increase in food prices caused by the drought‚ economists caution. They say that while the 78 cents a litre decrease in the diesel price will bring some relief to battered consumers who depend on… Continued

THE rand softened against the dollar after the Reserve Bank’s monetary policy committee (MPC) raised the repo rate by 25 basis points to 6.25% on Thursday, citing concerns over a weak rand and rising inflation. It was widely expected that the MPC would keep rates on hold as weak oil prices and a struggling local… Continued

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