South Africans are still very much in love with Black Friday.
Banking group FNB says that its customers spent a record R3 billion on Black Friday 2022 – with most shoppers heading out to physical stores to grab deals.
It also noted a swell in virtual cards being used in shopping, accounting for over R137 million in purchases compared to just R36 million during 2021 Black Friday.“In a market where consumers are seeing an increase in the cost of living, many were always likely to take advantage of Black Friday deals. As anticipated, the most popular spending categories, including travel and transportation, groceries, clothing, and entertainment, experienced a robust recovery,” the bank said.
The average basket size was R1,255, slightly higher than in 2021, which recorded an average of R1,208 per basket. Electronics, appliances, beauty and fashion drove the bulk of sales over the bonanza discount weekend. The most transactions made by a single customer was 37 purchases, though this was for a relatively small basket amounting to R3,750 on the day.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Average South African Black Friday shopper spent R1,255PayFast data show one shopper spent R397,217 over two transactions.
Read more »
South African spends almost R400k on two Black Friday online purchasesWhile many South Africans were fast asleep early on Black Friday, one big spender was wide awake and dropped a whopping R397,217 on two online transactions.
Read more »
South African spends almost R400k on two Black Friday online purchasesWhile many South Africans were fast asleep early on Black Friday, one big spender was wide awake and dropped a whopping R397,217 on two online transactions.
Read more »
South Africa woke up early for Black Friday deals - HypertextPayFast tracked how South Africans took advantage of Black Friday and it revealed some interesting habits and information.
Read more »
A Black Friday shopper spent almost R400,000 before sunrise – on just two purchases | Business InsiderA South African shopper spent close to R400,000 on Black Friday, more than double the highest amount spent on the day in 2021.
Read more »