Consumers Are Urged to Spend Wisely

02 December 2014. 

The IFP urges all consumers to exercise discretionary spending as the festive season is now upon us. 

"During the festive season consumers who have collected year-end bonuses have extra cash to spend on luxury items and get caught up in the festive spirit.

This leads to lavish spending on non-essential items with the result being that consumers may find themselves out of pocket at the beginning of the new year. It is important to budget wisely, keeping in mind that money needs to be set aside to meet essential expenses such as school fees, uniforms, rates, university or college fees and other unforeseen expenses", said IFP Spokesperson on Economic Development, Inkosi Mzamo Buthelezi MPL. 

"The drop in the fuel price this week should not be seen as a windfall that will lead consumers to have extra cash to spend on other items. Fuel prices fluctuate all the time and the prices of other commodities are always on the rise. As we get closer to the festivities, retailers will use various means to entice shoppers to spend and we would like to advise consumers to spend wisely keeping in mind their contractual obligations and essential expenses that have to be met in the new year", concluded Inkosi Buthelezi 

We take this opportunity to wish all a very safe and enjoyable festive season and a prosperous 2015. 

 

Issued by:
Inkosi Mzamo Buthelezi, MPL, IFP Spokesperson on Economic Development , 072 390 6112

For Media Enquiries:
IFP KZN Provincial Legislature Media Liaison Officer, Mr Phendulani Biyase, 073 024 5675