Metshelo head for bumper savings season
Friday, December 11, 2015
December is a very busy month across the wholesale and retail sectors, as consumers empowered by the 13th cheque seek to stock up on the festive bargains offered. Metshelo groups, however, are in a class of their own, using the savings they have pooled throughout the year to empty aisles in wholesale and retail stores.
While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...