SURVEY REPORTS SOUTH AFRICANS ARE BUYING LESS

According to a recent Nielsen Shoppergraphics Report, based on the purchasing behaviour within 4,000 representative households across the country, South African households have been hard-hit by recent price increases – to the point where consumers remove up to three grocery categories from their repertoire and reduce shopping frequency. Spiralling petrol and electricity costs, the implementation … Read moreSURVEY REPORTS SOUTH AFRICANS ARE BUYING LESS

SHOPRITE OFFERS 1 000 PRODUCTS FOR LESS THAN R5

To counteract rising prices, the Shoprite Group has announced that it is actively taking steps to make sure that financially-pressed customers can afford to eat – even if they have just R5 in their pockets. The retailer said that there are currently more than 1,000 products available in its stores for R5 or less, adding … Read moreSHOPRITE OFFERS 1 000 PRODUCTS FOR LESS THAN R5

Brace Yourselves for New Taxes

As we recover from the Easter holiday week-end, consumers and businesses will be faced with the cold reality of recently introduced taxes that will make a dent in all our pockets from the 1st April. These include:   VAT INCREASE For the first time in over 25 years VAT has increased from 14% to 15% … Read moreBrace Yourselves for New Taxes

VAT Increase a Headache for Unprepared Retailers

The looming VAT increase, due to be implemented on the 1st April will impact retailers, especially those that use paper price tags.  This according to a spokesperson from NEC XON Retail, which supplies Electronic Shelf Labels to large retailers like Pick n Pay, SPAR, BP Express and other retailers. Larger retailers who have to update … Read moreVAT Increase a Headache for Unprepared Retailers