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.
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's e-commerce sector.
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.