High inflation and interest-rate hikes are eating into South Africans’ disposable income
Fashion retailer Mr Price is cashing in on consumers looking for cheaper options as high inflation and interest-rate hikes squeeze their disposable income.
“The retail credit environment is forecast to tighten as defaults rise, which should position the group positively as consumers seek merchandise that can fit their budgets,” the company said on Thursday in its half-year results end-October 1...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
South Africans to brace for a big interest rate hike this weekSA Reserve Bank’s Monetary Policy Committee (MPC) will sit down on Thursday, 24 November to discuss the country’s final rate hike decision for the year. Experts believe the bank will hike rates by 75 basis points (bps) or higher.
Read more »
Ramaphosa 'drinking tea with King Charles, South Africans can't boil a kettle' | The CitizenLoad shedding🔌 casts a dark cloud ☁️ over President Cyril Ramaphosa's state visit to see King Charles III - 'drinking tea while we can't boil a kettle'.👀 CyrilRamaphosa KingCharlesIII Eskom Loadshedding
Read more »
South Africans are in for a tough 2023: economistsEconomists expect a big rate hike this week – with more to come in the new year.
Read more »
Young South Africans are turning to ‘side hustles’ to make ends meetYoung South Africans are turning to ‘side hustles’ to make ends meet - Most people have a second income stream to support their families but some do it because it’s their passion or talent - and brings in extra money
Read more »
Five products South Africans are expected to splurge on this Black FridayTVs, gaming consoles, rechargeable LED lights, laptops and powerbanks for wi-fi/mobile routers are five of the main products predicted to be on the wishlist of many South Africans.
Read more »
Five products South Africans are expected to splurge on this Black FridayTVs, gaming consoles, rechargeable LED lights, laptops and powerbanks for wi-fi/mobile routers are five of the main products predicted to be on the wishlist of many South Africans.
Read more »