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New legislation seeks to close regulatory gaps to protect consumers and promote a competitive digital finance system. Photo: Nadine Hutton/Bloomberg via Getty Images)
BANKSERV

Inflation: Youth use credit to supplement salaries

A report has found that young people have taken on more credit in the first quarter of 2023 compared with last year

  • Anathi Madubela
4 min read
Retail trade sales decreased by 1.6% in March 2023 compared with March 2022, Statistics South Africa (Stats SA) said on Wednesday.
COSMETICS

Consumer spending muted in December, retail data shows

Pharmaceuticals and medical goods, cosmetics and toiletries as well as hardware, paint and glass were the biggest drag on growth

  • Anathi Madubela
1 min read