https://www.polity.org.za
Deepening Democracy through Access to Information
Home / Statements RSS ← Back
Close

Email this article

separate emails by commas, maximum limit of 4 addresses

Sponsored by

Close

Article Enquiry

DA: Dean Macpherson says DA to meet with Pick N Pay after 'food credit' announcement

Close

Embed Video

DA: Dean Macpherson says DA to meet with Pick N Pay after 'food credit' announcement

DA: Dean Macpherson says DA to meet with Pick N Pay after 'food credit' announcement
Photo by Reuters

28th September 2017

ARTICLE ENQUIRY      SAVE THIS ARTICLE      EMAIL THIS ARTICLE

Font size: -+

/ MEDIA STATEMENT / The content on this page is not written by Polity.org.za, but is supplied by third parties. This content does not constitute news reporting by Polity.org.za.

Today, Pick n Pay has agreed to a meeting request by the Democratic Alliance after the recent announcement that it will start granting credit to enable consumers to buy food through its ‘Smart-shopper’ in-store program.

The meeting follows public concern raised over whether the most vulnerable consumers will be protected from a potential debt burden and only offered credit they can afford.

Advertisement

While other retailers offer similar options to customers, these are normally aimed at the higher end of the credit market while Pick N Pay is a retailer that focuses on consumers across various income groups.

The DA advocates for a credit market that is strong, healthy and gives credit to consumers in a responsible and legal manner according to the provisions in the National Credit Act.

Advertisement

South Africa has a debt problem which has left most consumers unable to service their debts and it is important to understand how Pick N Pay will roll out its new credit product.

The DA remains committed to ensuring consumers are protected by the National Credit Act while being able to actively participate in the credit market and the economy.

 

Issued by DA

EMAIL THIS ARTICLE      SAVE THIS ARTICLE ARTICLE ENQUIRY

To subscribe email subscriptions@creamermedia.co.za or click here
To advertise email advertising@creamermedia.co.za or click here

Comment Guidelines

 

About

Polity.org.za is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Mining Weekly
Research Channel Africa

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Polity.org.za is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now