THE GHOST TRAIN
THE FINANCE GHOST: Retailers are giving credit where it’s due
Four major retailers are reporting higher credit sales, and it seems they are not taking undue risks
With several South African retailers having recently released results, it’s become clear that the taps have been opened on credit sales. This says a lot about the resilience of South African consumers, despite all the bad news we are confronted with daily.
South African retail executives might have been naive in previous years about international dealmaking, but they probably aren’t asleep at the wheel when it comes to understanding domestic issues. South Africa’s consumer risks aren’t hidden from sight; they hit you in the face everywhere you go. This is ironically a good thing for investors, as it suggests that retailers would accelerate credit sales only with caution...
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.