Consumer spend dips slightly in December
South Africans spent only 1%, or R300m less, at R68.7bn, dropping from R69bn in the previous year
22 January 2021 - 16:47
Consumer spend dropped only slightly in December, compared to the same peak retail month in 2019, with more spend on credit in 2020, according to BankServAfrica data.
Cash-strapped customers also stuck to groceries, fuel and eating out instead of luxuries, BankservAfrica, a clearinghouse for banks, said. BankServ is able to share information on the use of credit and debit cards in store and online. ..
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