Consumers are spending more, but will they buy more this Black Friday?

Loading player...
Black Friday in 2022 might provide a fascinating insight into the state of the South African consumer as individuals begin to re-build their personal balance sheets while weighing up a global environment which is facing unprecedented social and economic upheaval.

Over the past 3 years, consumer behaviour has been largely influenced by the COVID-19 lockdowns and the “work-from-home” culture, driving spend on home improvements, online gaming and technology, and the rise of home delivery services.


Now as the world begins to return to pre-COVID habits, we are seeing a strong swing toward leisure and travel services …at least up until the point that conflict between Russia and Ukraine was the match which sparked a surge in inflation. This in turn has driven Central Banks to aggressively tighten interest rates in both Developed and Emerging Markets. Our own economic issues with unstable electricity supply and the havoc it causes for many business owners, over and above the rising fuel spend, adds a further concern regarding the finances of South Africans.
15 Nov 2022 1PM English South Africa Business News · Investing

Other recent episodes

Tax Season 2026: Must-Knows with Commissioner Dr. Johnstone Makhubu

SARS Commissioner Dr. Johnstone Makhubu unpacks the 2026 Filing Season, from the phased rollout and enhanced risk engine to the rise of auto‑assessments. He explains how taxpayers should interpret assessments, and navigate a more targeted audit environment. A clear, practical guide to filing smarter this year.
2 Jul 12PM 17 min

The Second Bond: The Hidden Costs Homebuyers Miss

Jonathan Kohler exposes the “second bond” — the monthly bill homeowners face before paying their actual home loan. From R4,000–R7,000 in Johannesburg and Cape Town to over R11,500 in Umhlanga, we unpack levies, utilities, maintenance, special levies and municipal tariffs that determine true affordability. A must‑listen for buyers, investors and…
1 Jul 1PM 27 min

SA New Vehicle Sales post strongest June result since 2007

South Africa’s new vehicle market delivered a standout June performance despite inflation, fuel price spikes and weaker consumer confidence. Dr Paulina Mamogobo, Chief Economist at NAAMSA, breaks down the domestic resilience, export pressures, shifting macroeconomic signals, and what these trends mean for the industry heading into the second half of…
1 Jul 12PM 20 min

Protests, Politics & State Capacity: What Today’s Unrest Signals

Anti‑immigration protests highlight deep governance failures, rising public frustration and the erosion of state authority. Professor William Gumede unpacks the political economy behind the unrest, the risks to social cohesion, the impact on investor confidence, and why South Africa urgently needs a coordinated, evidence‑based migration strategy.
30 Jun 5PM 22 min

One Labour Market, Three Data Sets: The Real Story Behind Jobs

GDP shows modest growth, QES shows formal job trends, and the QLFS reveals household‑level pressure. Together, they paint a complex picture of South Africa’s labour market. Statistician‑General Risenga Maluleke explains how these data sets interlink, where they diverge, and what they reveal about job creation.
30 Jun 5PM 20 min