SOUTH AFRICA – Pick ‘n Pay supermarket stated that they will use their Smart Shopper Card programme to select shoppers who qualify to make purchases on credit.
Recent reports have been made about the increment of food prices, some supermarkets have opted to sell food on credit. Pick ‘n Pay is the latest store to join Woolworths and other stores offering their customers the option of purchasing groceries on credit. The supermarket will use their smart shopper card programme to select which shopper qualifies to make credit purchases.
Pick ‘n Pay deputy CEO Richard van Rensburg says the store accounts have been designed to exclude hidden fees that exacerbate the cost of credit and charge the lowest monthly fee of R10. However, debt counsellor Deborah Solomon says it’s not advisable for shoppers to buy food on credit due to interest charged. “Food is a necessary living expense which you need to be able to have access to and it is not wise to spend credit on food, especially when you cannot afford to pay that credit off in its full capacity at the end of the month.”
More is going to be reported on the food credit news as the solution progresses. Customers will be notified in stores of their options for the food credit purchasing.