Consumers warned to spend wisely in wake of fuel price drop Stats SA on Tuesday announced a 2.2% increase in the third quarter Gross Domestic Product. JOHANNESBURG- As South Africans welcome the news of a growing economy and a lower petrol price, consumers are being warned against using money they don’t have. Stats SA on Tuesday… Continued
JOHANNESBURG/CAPE TOWN – As a record high fuel price kicked in on Wednesday morning, Debt Rescue says that South Africans will feel the pinch all round, not only in transport costs. Motorists queued at petrol pumps until late on Tuesday night just before the new fuel levy came into effect. Petrol now costs 82 cents… Continued
The Agricultural Business Chamber (Agbiz) says the overall food inflation rate will still be lower this year compared to 2016. CAPE TOWN – The Agricultural Business Chamber says next month’s expected fuel hike will offset some of the decreases in food prices over the next year. Quoting the Central Energy Fund’s figures, the Chamber’s Wandile… Continued
Debt Rescue says Jacob Zuma disregarded about 10 million South Africans who are over indebted. CAPE TOWN – Debt Rescue says President Jacob Zuma failed to keep in mind those who are struggling financially when he made his Cabinet reshuffle. The organisation has blamed Zuma for the recent credit downgrade, saying while he was making… Continued
Debt Rescue says the government should help consumers learn how to spend their money wisely. JOHANNESBURG – Debt Rescue has said that the government should step in, in helping consumers learn how to spend their money wisely. This comes after reports from Focus Economics and BankservAfrica Economic Transaction Index (BETI) showing that South Africa is… Continued
CEO Neil Roets says 2016 has been a hard year for most consumers, but 2017 will more than likely see even more people going into debt. JOHANNESBURG – Debt Rescue has warned South Africans are in for more troubled economic times in 2017. It says issues like next week’s hefty increase in fuel prices and… Continued
Experts have raised concern about consumer credit spending in South Africa. JOHANNESBURG – A debt recovery agency has raised concerns about consumer spending habits, following research by Absa’s card analytics team that suggests South Africans are borrowing more money instead of cutting back on luxury items. While the country’s tough economic climate has become overwhelmingly… Continued
JOHANNESBURG – South African consumers have been urged to budget strictly and prepare for a major hike in food prices and another petrol price increase with the country still in the grips of a crippling drought. Economists are predicting at least a 50 percent hike on the price of red meat because of the drought… Continued
JOHANNESBURG – Thousands of shoppers queued on Thursday at the opening of one of the largest malls in South Africa, set in middle-class suburbia between Johannesburg and Pretoria. The Mall of Africa will house over 300 shops, including global brands such as Inditex’s Zara, Hennes & Mauritz (H&M), Cotton On and Starbucks. They want to… Continued
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