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.
It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...