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Amazon launches in SA; Consumers feel squeezed by the escalating prices of goods

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Amazon's long-awaited online marketplace has made its debut in South Africa, offering customers access to an extensive array of local and international brands. With promises of same-day and next-day delivery, the online giant aims to revolutionise the shopping experience for consumers. Experts look at how this will impact other local e-commerce retailers.



The Q1 2024 Deloitte South Africa ConsumerSignals report reveals heightened consumer anxiety, driven by political uncertainty and economic instability concerns. Deloitte attributes this unease to looming elections and persistent inflation pressures, exacerbated by a weakening rand and potential living expense hikes. Rodger George, Africa Consumer Industries Leader at Deloitte Africa explains how consumers are coping. 

 

Warren Ingram, co-founder of Galileo Capital and personal finance expert on how much you should be saving. He says determining the optimal savings rate can be daunting, but it’s about striking a balance between your current lifestyle and a secure financial future. 

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