Mr Price says it has chosen not to focus on chasing credit sales and has benefitted from a cash sale growth of 15.1%

Taking on more credit spells trouble in more ways than one.

Demand for credit from South Africa’s private sector grew in annual terms for a second month in June.

Demand for credit by South Africa’s private sector registered the first annual growth in eight months in May, but was up only marginally.

Demand for credit from South Africa’s private sector fell more than expected in April, reflecting companies’ reluctance to borrow further.

Demand for credit by South Africa’s private sector fell for the third consecutive time in the year in December.