As South Africans prepare to hit the shopping malls this Friday, experts have advised them to pay attention toConsumers are expected to flood retail outlets to get a slice of the Black Friday pie.
After a tough financial year, CEO of the South African Savings Institute Gerald Mwandiambira says consumers should avoid plunging deeper into debt. “Saving on items you would normally buy. We all know how much food prices have gone up. I would try and stock up on food and try to save it for the festive period and holidays. Especially with the rising cost of living, this year you need to shop wisely, especially around food. Another tip is if you haven’t really saved for it – don’t do it. With more South Africans cash strapped at the moment, it’s not a good idea to splurge on impulse spending because you will definitely regret it.
In the video below, Credit Ombudsman’s Senior Legal Advisor, Avitha Nofal, provides consumers with financial advice for Black Friday:
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