Stock Market News

Woolworths Food maintains cash payments amid W Café card-only shift

2024.01.08 13:06


© Reuters.

SOUTH AFRICA – Woolworths Food has confirmed that its supermarkets across South Africa will continue to accept cash payments, addressing concerns that arose from a recent sign indicating a move to a no-cash policy. The sign, which caused confusion among customers, applies exclusively to W Café outlets within Woolworths stores and will take effect from January 16.

W Café, which recorded sales surpassing R800 million last year, is transitioning to card-only transactions, aligning with a broader trend among businesses to prioritize safety and efficiency. This shift towards cashless operations in certain retail areas has sparked a dialogue around consumer preferences and compliance with currency regulations in the country.

Despite the trend, Woolworths supermarkets are upholding the use of cash, acknowledging its importance for many shoppers. This stance is consistent with the South African Reserve Bank’s view on legal tender, ensuring that customers have the option to use cash for their purchases.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 86,284.12 2.83%
ethereum
Ethereum (ETH) $ 2,354.31 5.43%
tether
Tether (USDT) $ 0.999281 0.00%
xrp
XRP (XRP) $ 2.23 2.90%
bnb
BNB (BNB) $ 616.44 0.83%
solana
Solana (SOL) $ 140.93 0.39%
usd-coin
USDC (USDC) $ 1.00 0.01%
dogecoin
Dogecoin (DOGE) $ 0.209172 0.96%
cardano
Cardano (ADA) $ 0.665848 2.58%
staked-ether
Lido Staked Ether (STETH) $ 2,349.86 5.61%
tron
TRON (TRX) $ 0.228318 0.37%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 86,083.06 2.94%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,807.42 5.40%
chainlink
Chainlink (LINK) $ 15.47 1.01%
litecoin
Litecoin (LTC) $ 126.89 6.98%
avalanche-2
Avalanche (AVAX) $ 22.76 2.97%
sui
Sui (SUI) $ 2.95 2.52%
stellar
Stellar (XLM) $ 0.292 0.31%
the-open-network
Toncoin (TON) $ 3.48 2.74%
shiba-inu
Shiba Inu (SHIB) $ 0.000015 2.75%
hedera-hashgraph
Hedera (HBAR) $ 0.200874 1.99%
leo-token
LEO Token (LEO) $ 9.05 0.27%
usds
USDS (USDS) $ 1.00 0.02%
polkadot
Polkadot (DOT) $ 4.89 3.33%
mantra-dao
MANTRA (OM) $ 7.38 3.24%
hyperliquid
Hyperliquid (HYPE) $ 20.85 0.00%
weth
WETH (WETH) $ 2,349.93 5.59%
bitcoin-cash
Bitcoin Cash (BCH) $ 299.85 1.13%
ethena-usde
Ethena USDe (USDE) $ 0.999679 0.02%
bitget-token
Bitget Token (BGB) $ 4.13 4.32%
uniswap
Uniswap (UNI) $ 8.11 2.21%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,491.13 5.60%
monero
Monero (XMR) $ 215.39 2.54%
whitebit
WhiteBIT Coin (WBT) $ 26.43 1.83%
near
NEAR Protocol (NEAR) $ 3.08 1.27%
pepe
Pepe (PEPE) $ 0.000009 2.21%
aptos
Aptos (APT) $ 6.10 8.15%
dai
Dai (DAI) $ 1.00 0.04%
ondo-finance
Ondo (ONDO) $ 1.01 1.68%
internet-computer
Internet Computer (ICP) $ 6.59 1.64%
aave
Aave (AAVE) $ 206.95 0.31%
bittensor
Bittensor (TAO) $ 366.20 1.88%
susds
sUSDS (SUSDS) $ 1.05 0.84%
ethereum-classic
Ethereum Classic (ETC) $ 19.00 0.07%
okb
OKB (OKB) $ 45.35 2.38%
gatechain-token
Gate (GT) $ 21.64 1.12%
official-trump
Official Trump (TRUMP) $ 13.33 2.91%
mantle
Mantle (MNT) $ 0.760445 4.90%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 86,181.09 2.96%
tokenize-xchange
Tokenize Xchange (TKX) $ 30.36 8.04%