The South African economy cannot be said to be performing to its potential. But in one important sense, it is performing well — for consumers. Those with income or borrowing capacity will not find the economy wanting when they come to exercise their spending choices over the holiday season. The shops will be well stocked and able to meet their every demand and desire, be it for essentials or luxuries supplied from all parts of the world. They will not lack for bread or toilet paper or the best or worst wine, beer or spirits. Or lack for world-class entertainment at the theatres and movie houses. The book shops will be well stocked. Excellent restaurants of all ethnic persuasions will be open to them, but may require an advance booking, given that there will be competition from foreign tourists, who are showing their increased appetite for what we enjoy at the prices we pay. This is as it should be. Successful economies gained their cornucopias by putting the demands of consumers in ...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now