NCA hits retailers hard

[Sneeky]

Brand Pretorius, CEO of McCarthy Retail, told RSG Geldsake met Moneyweb that the credit approval rate seen within the group has dropped by about 10% since the start of June.

First thought ENatis would have influenced this but he stipulates the approval rate, so a definite decline then.
Interesting times ahead.
http://www.moneyweb.co.za/mw/view/mw/en/page38?oid=144196&sn=Detail

 

[sox63]

First thought ENatis would have influenced this but he stipulates the approval rate, so a definite decline then.
Interesting times ahead.
http://www.moneyweb.co.za/mw/view/mw/en/page38?oid=144196&sn=Detail

I smile when I see such reports, it means the act is doing what it was supposed to.