BLACK FRIDAY WRAP – Black Friday online shopping stays popular, in-store sales down

Loading player...
GUEST - Shergeran Naidoo, BankservAfrica’s Head of Stakeholder Engagements.





In the online vs in-store retail Black Friday battleground, it would appear more South Africans focused on filling their online shopping carts which tracked positive year-on-year growth unlike the declining in-store sales, according to BankservAfrica’s numbers. The 2023 levels, however, reflected the tougher economic conditions.



“In-store shopping was slightly down from last year's levels compared to online, which delivered again as merchants upped their Black Friday promotions and attracted interest from eager consumers,” says Shergeran Naidoo, BankservAfrica’s Head of Stakeholder Engagements.



“BankservAfrica’s online card authentication service (i.e. online purchases that require customer authentication), 3D-Secure*, recorded a Black Friday total of 1.4 million transactions to the value of R1.39 billion. This represents an 11% growth on the 1.2 million transaction volumes and 29% improvement on the R1 billion registered in 2022,” says Naidoo.
28 Nov 2023 3PM English South Africa Business News · Investing

Other recent episodes

Bitcoin at the Fed’s Crossroads

Bitcoin briefly touched a 12‑week high before pulling back—but with spot ETFs seeing some of their strongest inflows of the cycle, the market is shifting fast. Rob Price, CIO of Sound Money Capital, explains whether Bitcoin is still trading like a high‑beta macro asset or evolving into true sound money.
27 Apr 1PM 17 min

Oil’s Hidden Risks & Gold’s War Paradox

Oil is stuck near $90–95, but portfolio manager John Hasslet says the market is being held up by physical bottlenecks, not real fundamentals. He also unpacks why gold is falling during a major war and how inflation expectations are overpowering safe‑haven demand.
27 Apr 1PM 13 min

BofA Slashes SA Growth Forecast as Inflation Surges

Bank of America has cut South Africa’s 2026 GDP growth forecast to 1.3%, warning that higher oil and fertilizer prices will keep inflation above 4% for most of the year. Economist Tatonga Rusike explains
23 Apr 3PM 11 min

Understanding SA’s First Wealth Score

Franc unveils South Africa’s first-ever Wealth Score, revealing that financial habits—not income—are the strongest predictor of financial health. We unpack why SA’s national score is 45/100 and the behavior gap between knowing and doing with Dr. Thomas Brennan, founder and CEO of Franc.
23 Apr 3PM 13 min