<p><iframe loading="lazy" src="https://www.youtube.com/embed/MbA2OJ3L3UY" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>One of the most important events on the South African retail calendar Black Friday is fast approaching and according to some studies, retailers predict a better-than-last-year sales season with most consumers reporting that they are in fact in a better financial position. Joining CNBC Africa to discuss some of the trends that can be expected at this year&#8217;s shopping bonanza are Christine Wu, Chief Executive: Everyday Banking, Absa Group, Craig Pitchers, CEO of The Courier Guy and Zak Haeri, MD for NIQ in South Africa.</p>


maxresdefault

The CNBC Africa Black Friday lunch

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>Consumer spending has been under pressure this year, with COVID-19 resulting in job losses and a move to online shopping. Black Friday was different this year with less queues, Christmas spending is expected to be lower. We want to know where consumers are putting their money. Joining CNBC Africa for that discussion is Bryan Smith, Content Manager at Wonga; Isana Cordier the Sector Head for Consumer Goods &#038; Services at ABSA CIB and Ester Ochse, Product Head at FNB Money.</p>


COVID-19: How the pandemic shaped consumer spending habits in 2020

<div style="max-width: 100%;">
  <video-js
    data-account="1571595826001"
    data-player="c0AOssA7"
    data-video-id="6212656050001"
    data-embed="default"
    controls=""
    data-application-id=""
    class="vjs-fluid"></video-js>
</div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>It&#8217;s Black Friday today &#8211; a day that marks the beginning of the festive season shopping spree. Stores are usually filled with queues; however, we are living in COVID-19 times. Many retailers have been running Black Friday deals throughout the month of November, as opposed to only releasing deals on the day. Katherine Madley, Vice President of Marketing at Game joins CNBC Africa for more.</p>


Here’s what SA shoppers are eyeing & buying on Black Friday

<div style="max-width: 100%;">
  <video-js
    data-account="1571595826001"
    data-player="c0AOssA7"
    data-video-id="6201669306001"
    data-embed="default"
    controls=""
    data-application-id=""
    class="vjs-fluid"></video-js>
</div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>South Africans have embraced Black Friday with gusto over the years. Over the past decade Black Friday deals have seen sales skyrocket for both brick-and-mortar retailers and their e-Commerce counterparts. In 2020, online retailers can expect a bumper sales period over Black Friday and Cyber Monday, as shoppers avoid physical retail stores and shopping malls over COVID-19 fears. Warrick Kernes, Founder of the Insaka eCommerce Academy joins CNBC Africa for more.</p>


Black Friday in 2020: Here’s what consumers will be looking for

<div style="max-width: 700px;"> </div>
<p><script src="https://players.brightcove.net/1571595826001/default_default/index.min.js"></script></p>
<p>Has Black Friday changed the retail industry and how South African&#8217;s do business? CNBC Africa&#8217;s Kopano Gumbi spoke to Retail Analyst, Syd Vianello about how it’s affected the retail cycle.</p>


<p></p>


Has Black Friday changed SA’s retail sector?

<div style="max-width: 700px;"><video-js data-account="1571595826001" data-player="default" data-embed="default" controls="" data-video-id="6112029585001" data-playlist-id="" data-application-id="" class="vjs-fluid"></video-js></div>
<p><script src="https://players.brightcove.net/1571595826001/default_default/index.min.js"></script></p>
<p>Peter Harvey the Managing Director of DPO Group Southern Africa, speaks on the aftermath of the massive discounts that were spread across South African stores from Friday till today for the celebration of Black Friday and cyber Monday. He predicted a 30 per cent increase in Black Friday sales this year and joins CNBC Africa for more.</p>


Did Black Friday

Did Black Friday, Cyber Monday live up to expectations for SA retailers?

<div style="max-width: 700px;"><video-js data-account="1571595826001" data-player="default" data-embed="default" controls="" data-video-id="6110423500001" data-playlist-id="" data-application-id="" class="vjs-fluid"></video-js></div>
<p><script src="https://players.brightcove.net/1571595826001/default_default/index.min.js"></script></p>
<p>As people all over the world look to make the most of available black Friday deals, CNBC Africa’s Debbie Movoria reports on how Nigerians perceive Black Friday, their thoughts on the price discounts and the need to develop Nigeria&#8217;s e-commerce sector.</p>


Black Friday in Nigeria: Understanding the trends

<div style="max-width: 700px;"><video-js data-account="1571595826001" data-player="default" data-embed="default" controls="" data-video-id="6110356262001" data-playlist-id="" data-application-id="" class="vjs-fluid"></video-js></div>
<p><script src="https://players.brightcove.net/1571595826001/default_default/index.min.js"></script></p>
<p>Black Friday is in full swing today with deals on products from almost every retailer in South Africa – however not every retail industry may benefit from this craze. To unpack this, Equities Analyst at Old Mutual Investment Group, Meryl Pick joins CNBC Africa for more.</p>


Black Friday: Is it boosting SA retail growth?

<div style="max-width: 700px;"><video-js data-account="1571595826001" data-player="default" data-embed="default" controls="" data-video-id="6109622055001" data-playlist-id="" data-application-id="" class="vjs-fluid"></video-js></div>
<p><script src="https://players.brightcove.net/1571595826001/default_default/index.min.js"></script></p>
<p>South Africa awaits to take advantage of Black Friday discounts this in two days’ time there are number of things to look out for especially when it comes to online purchases. According to a cybersecurity company, Lawtrust majority of cybercrimes happen on this day. Maeson Maherry, Chief Solutions Director at Lawtrust joins CNBC Africa for more.</p>


Black Friday: SA’s busiest cyber-crime day


<p><em>PwC Strategy &amp; analysis</em></p>



<p><strong>Mixed signals during Black Friday                          </strong></p>



<p>While more South Africans participated in the Black Friday shopping event in 2018 compared to the preceding year, the average spend per consumer dropped noticeably. The decline in per-customer spending was also visible in the United States (US), where the concept of Black Friday originated. </p>



<p>US online sales showed continued popularity with a 24% increase in transaction numbers, according to Adobe Analytics[1].Furthermore, this year’s Cyber Monday was the single largest shopping day in US history with reports of an estimated $7.9 billion spent &#8211; an increase of 19.7%from 2017[1].</p>



<p>Two in three South Africans participated in Black Friday in 2018; an increase from a 54% participation rate in 2017. From an online perspective, BankservAfrica counted over 400,000 sales transactions -a 55% increase compared to last year. Similarly, Cyber Monday sales transactions increased by 36% this year to 176 595.<a href="#_ftn1">[1]</a> In parallel, transactions per minute increased considerably on both days,according to Black Friday Global Analysis.<a href="#_ftn2">[2]</a> </p>



<p>In contrast, electronic funds transfer (EFT)transaction values decreased by 19%.<a href="#_ftn3">[3]</a> Retail management platform Vend reported that in-store retail spending in South Africa over the 2018 Black Friday shopping period decreased by 10% compared to last year, while volumes also saw a decrease of 2%.<a href="#_ftn4">[4]</a> </p>



<p>Nonetheless, spending results were encouraging in certain product segments. Clothes, electronics and shoes were the most bought items.<a href="#_ftn5">[5]</a> Small business funder Retail Capital<a href="#_ftn6">[6]</a>reported the following increases on credit card usage based on product category during the Black Friday weekend:</p>



<p><strong>Winners during Black Friday weekend</strong></p>



<p><em>(Source: Retail Capital)</em></p>



<figure class="wp-block-image"><img decoding="async" src="http://cnbc.africa/wp-content/uploads/2018/12/black-friday-winners.png" alt="" class="wp-image-324549"/></figure>



<p><em><br>
</em></p>



<p><strong>Why did Black November sales disappoint? </strong></p>



<p>Not only did South Africans spend less per person, the sentiment on social media around the sales event was sceptical. Results from a PwC survey posted on Twitter concurred with the results of a Twitter survey<a href="#_ftn7">[7]</a>by News24. Both saw the majority of respondents expressing they would avoid the Black Friday shopping event.</p>



<figure class="wp-block-image"><img decoding="async" src="http://cnbc.africa/wp-content/uploads/2018/12/BF-sales-disappoint1.png" alt="" class="wp-image-324551"/></figure>



<p> </p>



<p>Based on PwC analytics, trending words for Black Friday on November 23 included “ heavy discount”, “specials”, “deals” and“savings”, as retailers aimed to entice shopper. However, consumers’ feed back showed that sales were not in line with the traditional massive 50% to 85% price slashes seen in the US.</p>



<p>PwC analysis shows that, on Black Friday, 27% of related Twitter commentary in South Africa was negative. This was notably higher than just 6% seen a few days earlier. The negative feed back on social media reflected what consumers viewed as disappointing price discounts and underwhelming offerings. </p>



<figure class="wp-block-image"><img decoding="async" src="http://cnbc.africa/wp-content/uploads/2018/12/social-sentiment.png" alt="" class="wp-image-324552"/></figure>



<p>Following disappointing sales discounts on Cyber Monday, some 53% of recorded social sentiment was negative on Tuesday,27 November. In the days thereafter, negative sentiment was driven by customers reacting to mobile communication deals – especially cellular contracts &#8211; that did not come to fruition as expected. </p>



<p>Social media posts following Cyber Monday highlighted the frustrations experienced by consumers, with complaints about “order” delays and “delivery” challenges</p>



<p><strong>Excessive expectation build-up backfired</strong></p>



<p>The local hype and build-up towards Black Friday was rampant. Being bombarded with several emails a day, seeing headlines on lampposts and talking about it with everyone around us &#8211; Black Friday seemed to be one of the hottest topics in November. </p>



<p>However, the build-up towards the day turned out to be larger than life. With discounts averaging 20% in stores and online, many consumers were left disappointed.<a href="#_ftn8">[8]</a> </p>



<p>The framing and expectation build-up surrounding Black Friday were disproportional to the sales discounts actually on offer on the day. Consumers were primed by the promise of massive discounts: in the US, discounts of 80% are common place on the day. In reality, South Africans were left frustrated, holding off on further shopping after realising the promise of significant sales discounts was exaggerated.</p>



<p><strong>Missing out on scarcity and urgency in sales promotions</strong></p>



<p>Rather than only concentrating on Black Friday sales, many stores aimed to stimulate spending during the entire month of November – resulting in what is now known as Black November. Discounts were on offer during the entire month, thereby diminishing the once-off special and never-before-seen appeal of Black Friday. Consumers tend to react to the idea of scarcity and urgency: When an item is in short supply, we tend to view it as more valuable. </p>



<p>In this case, however, South African consumers were becoming familiar with the idea of seeing sales in stores;diminishing the rush and urgency of buying a specific product before the sale concludes. The familiarity associated with discounting in stores and online meant consumers would not buy a product unless its price dropped even further.Various online stores offer discounts throughout the year, meaning they would have had to run extreme price promotions before experiencing a larger spike in sales. </p>



<p><strong>Priming in favour of responsible shopping</strong></p>



<p>There were also several warnings from consumer groups, financial regulators and news publications in the lead-up to Black Friday to warn against excessive spending and overindulging. This may very well have primed consumers to spend less and more consciously, tempering excessive spending. With the lead-up to Christmas holidays and the expenses that go with it, the warnings likely hit home, making it top of mind that consumers should be more cautious when spending money, even in the face of widespread sales. </p>



<p><strong>Implications of Black Friday performance for Christmas sales</strong></p>



<p>Stats SA announced on 4 December that South Africa’s economy had exited the technical recession in the third quarter following a GDP growth increase of 2.2% quarter-on-quarter(q-o-q).<a href="#_ftn9">[9]</a> Household final consumption expenditure also increased in the third quarter, rising by 1,6%q-o-q. The main contributors were food and non-alcoholic beverages,furnishings, household equipment and maintenance, clothing and alcoholic beverages and tobacco<a href="#_ftn10">[10]</a>. </p>



<p>However, it remains to be seen whether the recovery in household spending is sustained and will boost Christmas shopping sales. Alternatively, will festive sales this year see the same mixed outcome as Black Friday? For now, retailers are faced with a South African consumer that remains under pressure. Unsurprisingly, business confidence amongst retailers remained in net negative territory during the fourth quarter of 2018, according to a survey by the Bureau for Economic Research (BER).<a href="#_ftn11">[11]</a> </p>



<p>According to the FNB/BER Consumer Confidence Index (CCI) released on 28 November, overall consumer sentiment decreased by 15 points between the second and third quarter.Furthermore, the household financial outlook dropped from 31 in the second quarter to 13 in third quarter. In parallel, inflation increased in October to 5.1% year-on-year (y-o-y) from 4.9% y-o-y in September,<a href="#_ftn12">[12]</a> adding further strain to consumers’purchasing power. Consumers have felt the pinch from continued petrol price hikes during 2018 leading to a record high price of R17.08/litre in November. </p>



<p>Income levels and access to credit must be considered as primary influencers of sale participation.<a href="#_ftn13">[13]</a>If Black Friday sales showed a decrease in popularity and spend, Christmas sales are likely to see a similar outcomes unless stores (physical and online)display considerably higher price discounts. </p>



<p>Overall, the signals sent by disappointing Black Friday numbers and other related data suggest a mediocre outlook for Christmas retail sales. </p>



<p><strong><em>Article by LulluKrugel, Christie Viljoen, Maura Feddersen &amp; Genevieve Frydman, PwC Strategy &amp; Economists</em></strong><br></p>


Disappointing #BlackFriday suggests uncertain outlook for Christmas season shopping

<p><em>Press release</em></p>
<p>26 November 2018, Johannesburg: According to data from instant EFT payment provider i-Pay, the Rand value from Black Friday sales this year grew by more than a thousand percent over 2016 figures.</p>
<p>“At face value, e-tailers have experienced the highest volume of sales on record for Black Friday in South Africa. More significantly, the completed transactions on the day increased by close on 700% when compared to last year,” says Thomas Pays, CEO of i-Pay.</p>
<p>However, Pays believes that the uncertain economic environment of the past year has contributed to how much consumers have been willing to spend online.</p>
<p>“Our data shows that the average EFT transaction value decreased by 19% from last year. It highlights the importance of e-tailers being able to process every transaction reliably and securely. Irrespective of the value of the sale, transactions add up and could mean the difference between reporting a profit and having to retrench staff,” says Pays.</p>
<p>He says that while e-tailers invested heavily to ensure their sites stay online, they were frustrated by traditional online payment services being unavailable.</p>
<p>“People could browse online stores but could not checkout and pay for their orders. This resulted in consumer frustration and merchants losing out on sales. However, with alternative payment solutions such as Instant EFT through i-Pay, this was mitigated.”</p>
<p>Thirty-five percent of consumers using i-Pay were using it for the first time. Pays says this is evidence that people are willing to embrace digital payment solutions. At one point during Black Friday, i-Pay was processing 438 concurrent transactions, with the fastest recorded transaction taking a mere 13 seconds.</p>
<p>“Being online is no longer good enough. You must empower merchants and consumers with digital payment solutions that are secure, do not require credit cards or customer registration, and are available no matter the traffic volumes. This year has shown the importance of this and made people aware of the need to use Instant EFT systems for their online purchases,” he concludes.</p>


#BlackFriday sales up, but transaction value down

<div style="display: block; position: relative; max-width: 730px;">
<div style="padding-top: 56.25%;"><iframe style="width: 100%; height: 100%; position: absolute; top: 0px; bottom: 0px; right: 0px; left: 0px;" src="//players.brightcove.net/1571595826001/default_default/index.html?videoId=5970815206001" allowfullscreen="" border=0 frameborder=0></iframe></div>
</div>
<p>Joining CNBC Africa to dissect what Black Friday means for SA consumer culture is Christoph Nieuwoudt, CEO of FNB Consumer.</p>


Tracking consumer spending habits on #Black Friday

<div style="display: block; position: relative; max-width: 730px;">
<div style="padding-top: 56.25%;"><iframe style="width: 100%; height: 100%; position: absolute; top: 0px; bottom: 0px; right: 0px; left: 0px;" src="//players.brightcove.net/1571595826001/default_default/index.html?videoId=5970761576001" allowfullscreen="" border=0 frameborder=0></iframe></div>
</div>
<p>PricewaterCoopers has released a report that warns of consumers being blackmailed into buying beyond their means. This report highlights some behavioural trends consumers must guard against to avoid going into the red when shopping during this season. Maura Feddersen, Strategy and Behavioural Economists at PwC joins CNBC Africa for more.</p>


Warning signs against over buying during #Black Friday

<div style="display: block; position: relative; max-width: 730px;">
<div style="padding-top: 56.25%;"><iframe style="width: 100%; height: 100%; position: absolute; top: 0px; bottom: 0px; right: 0px; left: 0px;" src="//players.brightcove.net/1571595826001/default_default/index.html?videoId=5968906091001" allowfullscreen="" border=0 frameborder=0></iframe></div>
</div>
<p>The big shopping craze is starting this week with the Black Friday frenzy and Christmas shopping.<br />
This time of the year most people spend recklessly and at times even fooled into buying highly priced commodities under the pretext of cheap or sale prices. Thabo Ntini, Wealth Manager at Sugar Creek Wealth joins CNBC Africa for more.</p>


Financial warnings ahead of Black Friday, Christmas shopping

<p>Written by Dr Conrad Beyers, Barclays Africa Chair in Actuarial Science at the University of Pretoria</p>
<p>Credit rating downgrades for South Africa that were widely expected for &#8220;Black Friday&#8221; (24 November) appear less likely after the resignation of Pres. Robert Mugabe of Zimbabwe.</p>
<p>Credit rating agencies cite political related risks as the major element in their ratings decisions for South Africa. For this reason, significant positive sentiment that accompanies the political transition in Zimbabwe, which may positively affect the entire SADC region, is likely to convince rating agencies to follow a &#8220;wait-and-see&#8221; approach before deciding to downgrade South African debt further.</p>
<p>It is still possible that we are downgraded on Friday. In the light of the recent game-changing events in Zimbabwe rating agencies may be reluctant to commit to drastic decisions in the short term. Past experience shows that it is not typical for rating agencies to err on the pessimistic side.</p>
<p>Rating agencies are very careful to retain their credibility. Rating agencies however carry a risk of being &#8220;proven wrong&#8221; over the coming months if South Africa is severely downgraded in the midst of positive sentiment and the accompanying (even slight) potential for positive developments in December at the South African ruling party&#8217;s elective conference.</p>
<p>Over the longer term, the likelihood of credit rating downgrades could still be high, depending on economic and social developments.</p>
<p><strong><em>Note: The University of Pretoria hosts the Barclays Africa Chair in Actuarial Science – the views expressed by the holder of the Chair do not aim to represent any stance or viewpoint of Barclays Africa.</em></strong></p>


Has the resignation of Zimbabwe’s President Mugabe put SA’s downgrade on hold?

<p>Retailers today are continually looking for ways to improve the effectiveness and efficiency of their sales promotion efforts. According to data released by Stats SA last week, retail sales for November 2016 were up by 3.8% mainly driven by Black Friday sales.</p>
<p>From an overseas perspective, more than three-quarters (76%) of U.S. consumers spent money on Thanksgiving and Black Friday (25 November 2016), averaging approximately $373.30 on goods (excluding groceries), dining and entertainment.  Roughly 76% of shoppers purchased more than, or the same amount, as they did last year. Shoppers 18-34 years old spent the most ($407), while those 65 and over spent about half as much as all other groups ($212).</p>
<p>Retailers in South Africa have always done a lot of research on customer buying patterns with respect to holidays and consumption. In fact, there have been numerous research on the consumption patterns that span a wide array of holidays, however, the holiday that has been examined the most in the by retailers in South Africa has been Christmas.</p>
<p>Christmas is possibly the most studied shopping season because it has become the occasion for acknowledging important social bonds. Based on the Stats SA data, it seems that a new shopping ritual has emerged in the form of “Black Friday”.</p>
<p>The term Black Friday is known to shoppers and retailers in the USA as both the day after the Thanksgiving holiday and as one of the busiest shopping days of the year.</p>
<p>The South African incarnation of Black Friday sales is a distinct phenomenon for retailers﻿, representing a clear shift from what happened in the country before. Of course, South African consumers have always queued round the block for promotions, music band ticket sales and sporting events such as the World Cup.  </p>
<p>However, the chaotic scenes of shoving, trampling and fighting that emerged on Black Friday in some of the malls are indicative of the sharp end of consumer capitalism. It seems that South African retailers have caught on to the new concept of Black Friday and the customers seem to love it.</p>
<p>So what do retailers gain from promoting products, in some cases at prices below the cost that they sourced them? Researchers have found that about 75% of shoppers who visit a store specifically to purchase promotional items also end up purchasing regular priced items. Thus, promotional pricing pays off in increased sales of non-promotional merchandise.</p>
<p>Consumers prefer paying prices which are lower than the reference price and respond to sales promotions due to the positive experience and perceived customer value. Looking through some catalogues for the offers put forward by some retailers on Black Friday, one could see that, while some retailers went all out to get feet into their stores, some retailers went in half-heartedly.</p>
<p>Comparing what happened in South Africa on Black Friday and real United States Black Friday, one can observe that South Africa is still far off from this real “Black Friday”. In the USA where the idea originates, retailers offer ridiculous discounts which make a mockery of the 10-30% off that was offered by some retailers on Black Friday. Black Friday is the name given to the day after Thanksgiving in the USA, allegedly the first day of the year when many US retailers begin to make a profit (i.e., operate in the black). In recent years, retailers have begun to open early for this event, sometimes as early as 10 p.m. on the day before or at midnight, and some before sunrise. Retailers offer deeply discounted merchandise to attract consumers. The deals are heavily advertised in the media including through the internet.</p>
<p>Black Friday deals seen in South Africa offered both monetary and non-monetary gains and losses. For example, the purchase of promoted items for some consumers may have resulted in a monetary gains, such as when they saved money. However, the increased time and effort required to locate and purchase the items that were on promotion could have been considered as a non-monetary loss incurred by consumers.</p>
<p>Black Friday’s shopping behavior showed that a large number of South African shoppers did not seem to care about the non-monetary losses. The fact that most deals were kept secret from consumers until the Friday morning made the Black Friday shopping even more time consuming, but however the consumers did not seem perturbed by this.</p>
<p>In conclusion, retailing in South Africa is packed with competitors, it is therefore imperative for retailers to continue providing promotions that attract customers. While international retailers racked in most of their sales through online shoppers, research shows that a majority of Africans still do not trust online shopping with e-commerce making up 1-3% of GDP in some African countries. This means that there is still a huge potential in future Black Friday sales especially for those businesses that are investing in their online infrastructure.</p>
<p>_______________________________________________________________________________</p>
<p><em>Girland Chibaya is a retail professional with vast experience in retail management, supply chain management, strategic planning and general management spanning over 18 years. ﻿He has also worked for some big companies in South Africa such as Woolworths, NIKE SA, Edcon and currently Pick n Pay﻿. </em>﻿</p>
<p> </p>


black Friday

The CNBC Africa Black Friday lunch

COVID-19: How the pandemic shaped consumer spending habits in 2020

Here’s what SA shoppers are eyeing & buying on Black Friday

Black Friday in 2020: Here’s what consumers will be looking for

Has Black Friday changed SA’s retail sector?

Did Black Friday, Cyber Monday live up to expectations for SA retailers?

Black Friday in Nigeria: Understanding the trends

Black Friday: Is it boosting SA retail growth?

Black Friday: SA’s busiest cyber-crime day

Disappointing #BlackFriday suggests uncertain outlook for Christmas season shopping

#BlackFriday sales up, but transaction value down

Tracking consumer spending habits on #Black Friday

Warning signs against over buying during #Black Friday

Financial warnings ahead of Black Friday, Christmas shopping

Has the resignation of Zimbabwe’s President Mugabe put SA’s downgrade on hold?

Black Friday: South African retailers pushing consumers to shop till they drop

News Tips

Advertise With Us

black Friday

The CNBC Africa Black Friday lunch

COVID-19: How the pandemic shaped consumer spending habits in 2020

Here’s what SA shoppers are eyeing & buying on Black Friday

Black Friday in 2020: Here’s what consumers will be looking for

Has Black Friday changed SA’s retail sector?

Did Black Friday, Cyber Monday live up to expectations for SA retailers?

Black Friday in Nigeria: Understanding the trends

Black Friday: Is it boosting SA retail growth?

Black Friday: SA’s busiest cyber-crime day

Disappointing #BlackFriday suggests uncertain outlook for Christmas season shopping

#BlackFriday sales up, but transaction value down

Tracking consumer spending habits on #Black Friday

Warning signs against over buying during #Black Friday

Financial warnings ahead of Black Friday, Christmas shopping

Has the resignation of Zimbabwe’s President Mugabe put SA’s downgrade on hold?

Black Friday: South African retailers pushing consumers to shop till they drop

News Tips

Advertise With Us

Newsletters