Breaking news and insights at nigerianewsservice.com
Absa Group Ltd. reported a 9.9% increase in headline earnings to 22.06 billion rand, surpassing forecasts. Strong South African consumer demand contributed to this growth, despite challenges in Ghana’s hyperinflation. …
Absa Group Ltd. Exceeds Profit Expectations Amid South African Recovery Read More
The proposed VAT increase in South Africa may hinder the recovery of consumer spending, according to Shoprite’s CEO. Concerns arise over consumers’ financial capabilities amidst high food costs and unemployment. …
Concerns Rise Over Proposed VAT Increase Impacting South Africa’s Consumer Spending Read More
South African firms report increased consumer demand thanks to improved power supplies and lower inflation. Major companies like Discovery and Nedbank show double-digit profit increases. The International Monetary Fund forecasts …
Consumer Demand Revives in South Africa Amid Economic Recovery Read More