Consumers battling high interest rates and cost-of-living crisis are cutting back on foodstuffs and non-essentials
Constrained consumers battered by interest rate hikes and a cost-of-living crisis are cutting back on foodstuffs and non-essentials such as tomato sauce, baked beans and mayonnaise, Tiger Brands results for the six months to end-March showed.
SA’s largest food producer posted weaker results and warned of tough times ahead, sending its share price into a tailspin. The share closed 16.83% lower at R157.82 on Tuesday, the largest fall since 2008...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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