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May 25 2012 13:58
The costs of the first phase of the Gauteng Freeway Improvement Project have increased significantly to almost R90bn, according to a report.
May 24 2012 17:31
The Reserve Bank will maintain current interest rates, and a considerable reduction in the local petrol price is anticipated, says governor Gill Marcus.
May 25 2012 11:36
The JSE has identified and stopped "incorrect" trades from one of its members, and will reverse the trades and lower the session's total value after the close.
Johannesburg - Restaurants and clothing stores will bear the brunt of consumer angst, a survey by Virgin Money has revealed.
The poll asked people how they felt about the five major
barometers of consumer confidence and compared the results with last year's poll.
The results showed that 77% of the people said that they are
eating out in restaurants less often, only 9% said they are eating out more frequently and 14% said they had not changed their patterns.
The survey also revealed that 75% of people are buying new
clothes less than last year, 8% said they were buying more often
while 17% reported no change in their buying patterns.
Asked about their job security, 31% said they are more worried
about losing their jobs than this time last year. The same percentage said they are feeling less worried while 38% said they felt as secure as they did last year.
When asked about checking prices at supermarkets, 88% reported
that they are checking prices more carefully than they did this time last year, 3% said they checked less often while 9% said they there was no difference in their price checking behaviour.
60% of people polled are less likely to consider buying a new
car, 25% said their intentions remained unchanged while 15% said they are more likely to buy a new car.
People have also become choosier compared to this time last year.
- I-Net Bridge