Absa alone recorded 127 transactions per second on Black Friday
The discussion focuses on Black Friday activity, as seen through Absa, one of the country’s largest banks and payments providers. What were people buying? How much was spent and what channels — physical or online — drove transactions?
Alexander says the bank saw a recovery in Black Friday activity to about 2019 levels, before the Covid-19 pandemic took hold. Transactions were up 26% compared with the same period in 2021. According to the bank’s data, the largest spend was on groceries, with Alexander explaining that online retail and e-commerce were the real winners of the day.
Despite facing considerable pressure, he says the uptick in transactions shows that consumers are becoming more shrewd with their spending, constantly looking for good deals and ways to maximise on special offers. Topics of discussion include: Black Friday transaction data from Absa; trends from the retail event; the growth of e-commerce in SA; recovery of consumer spending; efforts to increase digital payments; and the outlook for the year ahead.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
TFG on growth plans and Black Friday sales[LISTEN] TFGZA CEO - Anthony Thunström spoke about their growth plans and BlackFriday sales on SAfmRadio MarketUpdate with SurenNaidoo in for FifiPeters. Listen to the interview below. Moneyweb BusinessNews
Read more »
Killer at centre of hit podcast jailed for 24 years in AustraliaA former Australian high school teacher convicted of murdering his wife after a hit podcast unearthed new evidence was on Friday sentenced to 24 years in prison.
Read more »
PODCAST | One-on-one with ANC treasurer-general contender Pule MabePule Mabe joins 'Sunday Times Politics Weekly' to reflect on his tenure as ANC spokesperson, speaks about contesting for a top 6 position, the “betrayals” that came with it and the party's electoral decline.
Read more »
PODCAST: What does SA’s coalition future look like?PODCAST: What does SA’s coalition future look like? - The Mail & Guardian has done a six-part podcast series on the story of the ANC after Polokwane conference of 2007
Read more »
PODCAST | One-on-one with ANC treasurer-general contender Pule MabePule Mabe joins 'Sunday Times Politics Weekly' to reflect on his tenure as ANC spokesperson, speaks about contesting for a top 6 position, the “betrayals” that came with it and the party's electoral decline.
Read more »
PODCAST: Optimism about SA maize harvestAgricultural economist WandileSihlobo provides more colour on these dynamics and their impact on grain prices.
Read more »