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.
Instead, they should serve as a warning to health authorities, community leaders, and policymakers that something is not right. According to the Palapye District Development Committee’s latest report, 130 abortion cases were recorded between April and June 2026.On the face of it, the overall figure may represent a decline from the preceding quarter. However, going deeper into the figures, the monthly trend tells a different and more worrying...