Businesses, particularly smaller ones, often neglect to implement annual price increases in their prices, rates, or fees: some due to poor management; many in fear of losing clients in a competitive market (as was particularly evident during COVID), and most simply due to a lack of know-how. The reality is that not implementing annual increases […]
Tag Archives: inflation
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Sep
It’s no secret that economies around the world are struggling. Increased inflation, booming petrol prices and erratic stock markets are everywhere, and South Africa is not immune. Recently an economist at Oxford Economics Africa, Jee-A van der Linde, was quoted in the daily Maverick speaking about South Africa specifically. “Real gross domestic product [GDP] contracted […]