• NEWS
    Monday, 5:00 pm - 5:05 pm
    [ - ]

Radio Islam Logo

((( Listen Live )))))
Radio Islam Logo

[LISTEN] Don’t let Black Friday lead to “Blacklisting”!


Faizel Patel, Radio Islam News – 28-11-2019

(Twitter: @FaizelPatel143)


With just a day left before Black Friday, the National Credit Regulator (NCR) has cautioned consumers against making reckless spending decisions and encouraged to be smart and responsible spenders.

The NCR says to be smart and avoid unnecessary future financial troubles, consumers are advised to first draw up a list, separating “needs” from “wants”, then look into the budget to check whether the available money is enough.

The organization says if consumers by on credit, they should consider the related costs that they will have to pay overtime, the ability to repay the debt and decide whether it is worth spending on credit for Black Friday.

Speaking to Radio Islam, the NCR’s Rishaana Singh says they are concerned about consumer over indulging themselves on Black Friday.

“Consumers tend to not be cautious. They throw caution to the wind, overspend and find themselves in a bit of a financial mess during the New Year.”

Singh says while consumers are aware of what they need as opposed to what they want, they are still vulnerable to advertised sales.

“When you are in the middle of this sale and with the frenzy, your discipline goes out the door.”

Singh says Black Friday sales are structured in a way to attract consumers to buy.


Listen to the interview with Rishana Singh 



Prime Spot!!!


Related Articles

Palestine Report

Palestine Report

Sameera Casmod | 20 May 2024 | 12:53 p.m. SAST 2-minute read Gaza is experiencing intensified violence and humanitarian crises as Israeli military operations continue. Approximately 800 000 Palestinians have been forced to move from Rafah...

read more
Section 24A and Three Ballots

Section 24A and Three Ballots

Neelam Rahim | 4-minute read 18 May 2024 | 10:27 CAT We're officially on the countdown to the 29 May Elections. Let's mark 30 years of democracy by showing up and making our voices heard. By law, registered voters must vote at the voting...

read more
Paediatrician develops apps to aid parents

Paediatrician develops apps to aid parents

Sameera Casmod | 17 May 2024 | 23:10 SAST 1-minute read Dr Pieter Jooste, a retired paediatrician with over three decades of experience, has used his expertise to develop two free mobile applications aimed at assisting South African parents...

read more

Subscribe to our Newsletter


Submit a Comment

Your email address will not be published. Required fields are marked *