Posted inBusiness

Retailers, please explain: Why do food prices defy gravity?

I am getting just a little bit irritated by food retailers who shed crocodile tears over the difficulties of their cash-strapped customers, while raking in ever-increasing profits. Take, for example, Spar, which reported first-half financial results this week. Doing business in these challenging times, CEO Wayne Hook said, is a “struggle”. With double-digit food inflation […]

Posted inBusiness

What goes up, never comes down

Why do we keep paying more for food at supermarkets even as the petrol price and producer prices fall? Business Day’s explanation in an editorial this week is far from convincing. It starts off praising Woolworths for cutting the price of 245 “selected food lines” (what is the difference between food lines and food?) — […]