Tag: festive season
South Africans take advantage of the country coming out of technical recession with heavy shopping, CNBC Africa took to the malls around Johannesburg to track spending habits of South Africans this festive season.
After the one month of December many are usually left in the red. Many people go on a spending spree buying gifts, travelling or even throwing massive parties however a lot of those people tend to spend beyond their means. Financial advisors continuously urge people to ensure they pay all necessities first and also draw up a budget to avoid the reality of being broke in January, then people reach out for loans to survive. Rita Cool, Certified Financial Planner at Alexander Forbes Financial Planning Consultants joins CNBC Africa for more.
South Africans can expect to pay more for meat by December, says FNB's Senior Agricultural Economist Paul Makube.