Sefalana margins pressured as household spending slows
Friday, October 11, 2024 | 500 Views |
Ear to the ground: Chauhan says consumers are shying away of luxury items PIC: KENNEDY RAMOKONE
In the latest annual report, the group’s executives noted lower consumer spending, particularly around luxury items, as household incomes continued under pressure
Group Managing Director Chandra Chauhan stated that despite a bounce back in consumer foot traffic at Sefalana’s stores, there was a worrying trend where customers constrict their purchases to staples and shy away from luxurious brands, reflecting limited disposable income.
“Justice should not only be done, but should manifestly and undoubtedly be seen to be done.”-Lord HewartHis decision was the correct one.The move neither proves guilt nor settles the serious allegations that have brought him to the doorstep of the Regional Magistrate’s Court.It does, however, recognise a basic principle of accountable government, that a minister facing criminal charges should not remain in a position that could create even...