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South African Spending: How to keep the country saving – AfricaBusiness.com

South African Spending: How to keep the country saving – AfricaBusiness.com
africabusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from africabusiness.com Daily Mail and Mail on Sunday newspapers.

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More households supporting unemployed family

Most of us have either experienced a job loss or have a family member who lost an income due to the extended Covid-19 lockdown. ....

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Consumers seek less costs to survive


Consumers seek less costs to survive
By Banele Ginindza
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FINANCIAL hardships wrought by the Covid 19 pandemic have forced South Africans to downscale their lifestyles by switching to cheaper supermarket brands and less pricey cellphone and data options, replacing gym subscriptions with home training, moving in with family members, diligently seeking loyalty programmes and holding more than one job.
According to the Old Mutual Savings and Investment Monitor (OMSIM) released yesterday, amid declining of confidence in the economy, which was at its lowest in decades, millions of South Africans were feeling heightened financial pressure from the impact of the pandemic and the unrest and looting a few weeks ago. ....

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