South Africans expect to spend a record R289 billion this festive season.
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GUEST – Tina Manyanya - Spokesperson at Wonga
Results from the eighth annual Summer Spending Survey, conducted by short-term lender Wonga, indicate that South Africans are expected to spend more than R289 billion over the upcoming festive season, with 70% spending more than they normally would in a month.
According to data collected from just over 10 000 respondents from across the country, individuals plan to spend an average of R6 299 this festive season. While this is lower than last year’s average of R6 832 per person, it remains significantly higher than the R5 707 recorded in 2023.
Results from the eighth annual Summer Spending Survey, conducted by short-term lender Wonga, indicate that South Africans are expected to spend more than R289 billion over the upcoming festive season, with 70% spending more than they normally would in a month.
According to data collected from just over 10 000 respondents from across the country, individuals plan to spend an average of R6 299 this festive season. While this is lower than last year’s average of R6 832 per person, it remains significantly higher than the R5 707 recorded in 2023.
