Nasreen Seria in Business Report:
Consumer spending increased for the first time in six quarters in the final three months of last year, as wages increased and job losses eased, improving the outlook for growth this year.
Household expenditure increased an annualised 1.4 percent after dropping a revised 1.9 percent in the third quarter, the Reserve Bank said in its Quarterly Bulletin yesterday. Spending had contracted every quarter since the three months to September 2008 and fell 3.1 percent last year, the first annual decline since 1992.
Consumers account for two-thirds of expenditure …

If you’re not confused, you’re not paying attention. ~ Tom Peters

I wonder if Tom Peters said this after reading – the National Credit Act, or the Consumer Protection Act, or the new Companies Act?

The big question being asked by those involved in the credit risk management industry and generally is are we out of those dreaded recession “woods”?
From purely a practical personal perception the answer would be no. The number of bad debt hand-overs decreased toward the end of last year only to bounce back in February and March of this year, particularly businesses being handed over.
However Moody’s being reported in Business Report has stated the opposite:
“South Africa’s economic recovery has “arrived with a bang”, says Kristin Lindow, a senior vice-president at international …