Black Friday vs Cyber Monday in South Africa – who won?
Business Tech - Dec 7th, 09:58
BankservAfrica, Africa’s largest automated payments clearing house, has published transaction data from Black Friday and Cyber Monday in South Africa for 2017.
According to the group, it processed 4.7 million card transactions, of which 260,552 were online transactions, on Black Friday, 24 November 2017.
Black Friday shoppers were the most active between 16:00 – 17:00 when 395,791 store transactions were processed, it said.
There were R2.5 billion worth of debit and credit card retail transactions, up from R2.3 billion in 2016.
Black Friday also proved to be more popular than Cyber Monday – 260,552 transactions were cleared on Black Friday compared to Cyber Monday’s 129,458.
The most expensive transaction for Black Friday was valued at R1 million. For Cyber Monday, this was R663,041.
“The sheer size and value of the transactions processed during Black Friday, and the growth experienced on 2016’s figures, reflects the success of this annual shopper’s day,” said Chris Hamilton, CEO of BankservAfrica.
“On our end, Black Friday has been a remarkable day in the performance of our payment system with transactional clearances being twice our daily average.”
Leveraging digital platforms for the greater good – beyond the 12-days of Christmas
15/12/2017 - 15:59
“Effective causal communications using the digital ecosystem can be powerful instruments for systemic change and brand longevity, not just in times of giving like the Festive Season”, says Deseré Orrill, Managing Director of HoneyKome and CEO of Ole! Media Group.
Retail sector set to grow amid benign inflation, say analysts
15/12/2017 - 08:58
Retail sales softened slightly in October as consumers held back in anticipation of Black Friday bargains in November.
Shopping malls getting bigger, says study
15/12/2017 - 08:50
According to a recent study conducted by Morgan Stanley Capital International (MSCI) Real Estate South Africa on behalf of the South African Council of Shopping Centres (SACSC), malls are getting bigger.
TFG Collect In Store expands countrywide
15/12/2017 - 08:39
The Foschini Group (TFG) has rolled out its Collect In Store service for online shoppers across the country, taking the number of participating stores to 184, and now offers the service entirely free, with no qualifying amount required.
Was Black Friday a win in SA?
15/12/2017 - 08:25
Retailers and consumers, door deals and online marketing, geo-tracking, real-time parking deals and refreshments for physical shoppers. Black Friday has evolved into a complex sales phenomenon and looks set to continue to reach new highs, despite (or because of) our rocky economic status.