It won’t be a pink unicorn Christmas with an incompetent ANC
CHRISTMAS stockings will probably be light this year as South Africans tighten their belts amid a deepening economic crisis ‒and the turning point might come after next year’s general elections.
However, high net worth individuals continue to splurge. A second-hand Chanel bag sold for more than R100 000 during Black Friday.
Festive season consumer confidence plunged to its lowest in 20 years, according to the First National Bank(FNB)/Bureau for Economic Research (BER) Consumer Confidence Index (CCI) released this week, which means retailers, especially in the luxury goods