Mid-income earners are hunting travel, entertainment and health deals on #BlackFriday

South Africa News News

Mid-income earners are hunting travel, entertainment and health deals on #BlackFriday
South Africa Latest News,South Africa Headlines
  • 📰 SundayTimesZA
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

Caution: Most South Africans end up with nasty debt after BlackFriday.

“While retailers have traded in a tough economy all year, Black Friday presents a much-needed chance to boost profits,” said the company. “The popularity of Black Friday has surged over the past few years. A PwC consumer behaviour study published in 2018, stated 54.6% of South Africans participated in Black Friday deals in 2017, and that 66.5% intended to do so in 2018. A similar growth rate will see almost 80% of SA consumers taking to the shops on November 29 2019.

FNB customers were also hunting deals at Zando, Superbalist, Takealot, OneDayOnly, Dial a Bed, CTM and Dion Wired. During the November 19-26 period in 2018, research by TransUnion found that there was a 37% increase in new accounts, 21% increase in total credit limits for new credit cards, clothing and retail revolving accounts.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

SundayTimesZA /  🏆 47. in ZA

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.

Don’t get into debt through Black Friday spending – economistDon’t get into debt through Black Friday spending – economistAlthough some of the deals offered by retailers on Black Friday are discounted, 'many deals are nothing but bait-and-switches and consumers should take precautions'.
Read more »

Transaction Capital shows the right business can thrive in any economyIgnore the low-income earning end of the country at your business peril 🔒
Read more »

Treasury develops the National Health Insurance financing paper - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Treasury develops the National Health Insurance financing paper - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Finance Minister Tito Mboweni says Treasury has developed what it calls a 'National Health Insurance Financing Paper' which provides proper guidelines for the funding of the National Health Insurance.
Read more »

Remgro hunting for BEE partner for fibre businessesThe investment holding company’s CEO says it is ‘definitely not selling’ Vumatel or Dark Fibre Africa
Read more »

The biggest problem that we have is we don’t play: Gavin HuntBidvest Wits coach Gavin Hunt says the backlog of matches his team faces‚ and their inactivity in the Absa Premiership‚ has affected their rhythm.
Read more »



Render Time: 2025-02-08 16:25:44