Consumer spending growth in South Africa steadied in 2023, report shows

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JOHANNESBURG, April 4 (Reuters) – Consumer spending growth in South Africa steadied in 2023 after the previous year’s post-pandemic surge, but expected interest rate cuts will encourage more purchases in 2024, executives from Visa V.N and Discovery Bank said on Thursday. Recent retail results show that consumers are under financial pressure as high interest rates increase the cost of debt and […]



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