Consumer spending may be starting to turn the corner, with 42% of South African consumers believing they are in a better financial position compared with the same period last year. But most people are still feeling the effects of high interest rates and a sluggish economy.
According to the “State of the Retail Nation” Q3 report produced by NIQ South Africa, a leading consumer intelligence firm, South Africans spent R354bn on food and liquor in the 12 months to September, and R274bn on other goods including non-alcoholic beverages, personal and health-care products, snacks, home and pet supplies, baby food and tobacco. The most recent quarter has seen a year-on-year growth of 2,6% in the sale of fast-moving consumer goods...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.