HEARD on the
PICK N PAY’S APP GETS
10 000 DOWNLOADS IN 24 HOURS
Pick n Pay’s latest version of its mobile app got downloaded 10 000 times in 24 hours after it was released this month. This week, the iPhone version was released. It enables shoppers to access the Smart Shopper kiosk in the palm of their hands.
New features on the app include:
. Barcode scanner: Users can scan any product and instantly add it to their shopping lists;
. New recipes monthly, with the ability to add the ingredients to a shopping list;
. The ability to access purchase history and add items from the shopping history to a shopping list;
. Easily load personal discounts and Smart Shopper points to a Smart Shopper card;
. A list of Pick n Pay’s latest top 10 weekly specials, which can be added to a shopping list;
. Access to Pick n Pay account statements; and
. The functionality to buy electricity, data and airtime using Smart Shopper points.
The app also enables you to use your personal discounts in-store and to search for products, shop and check out faster. Georgina Muirhead, head of customer experience for PnP Online, said that the retailer would be adding further enhancements in the months ahead.
FSB WARNS THE PUBLIC AGAINST LOVE AND LETS LIVE
The Financial Services Board has issued a warning to the public not to conduct financial services-related business with Love and Lets Live (Pty) Ltd.
Love and Lets Live has been inviting members of the public to invest in its online trading platform (in forex), promising potential investors monthly returns of 8%. Love and Lets Live is not authorised as a financial services provider (FSP) and is not a representative of an authorised FSP. Persons rendering financial services without a licence or without being appointed as representatives are acting in contravention of the Financial Advisory and Intermediary Services Act. Such contravention is an offence that carries a heavy fine or period of imprisonment.
CAPITEC IDENTIFIES HABITS OF HIGHLY INDEBTED PEOPLE
Capitec has singled out seven habits that it believes end up resulting in people accumulating vast amounts of debt. Research suggests it takes 66 days on average to break one habit and replace it with a new behaviour or pattern. The seven habits include:
. Avoiding the full picture – ignoring the debt and pretending everything is okay.
. Paying minimum amounts on cards. “Paying the minimum on your credit account instalment can cost you a fortune in interest,” says Capitec.
. Using debt to pay debt.
. Missing payments and not paying debts on time.
. Rationalising irrational purchases.
. Adopting unsustainable credit habits, such as adopting the buy-now-pay-later mentality.
. Keeping up with the Joneses. “Before acquiring ‘wants’ because others have these items, ask yourself: What value will this item add to my life, how will it add value to the lives of my dependents, what sacrifices do I have to make to have it?” advises Capitec.