Black Friday sales up more than a third in 2019, BankservAfrica says
BankservAfrica says Black Friday is changing the seasonality of SA’s economic cycle
BankservAfrica, the largest automated payments clearing house in Africa, said on Wednesday that there was a 36% increase in transactions during Black Friday, and November may eclipse December as 2019's biggest month in terms of number of payments.
The company said it appeared SA consumers were using the 50 days’ grace period on their credit cards to spend their year-end bonuses early. The rise in transactions was not limited to consumers, and extended to the entire value chain of marketing and advertising, importers, manufacturers, wholesalers and retailers, it said...