The biggest one-day shopping event in the world is fast approaching. And in South Africa, consumer spending on Black Friday continues to increase year on year, with sales volumes having tipped the scale at over R2.5 billion in 2021. Despite 2022 being one of SA consumers’ toughest years yet, experts predict that South Africans will turn to credit to support increased spending over this period. This increase in spending could be seen as a way to make up for what they haven’t been able to purchase during the year. But consumers can score and avoid the Black Friday debt trap if they think differently about the biggest one-day shopping event in the world.
See omnystudio.com/listener for privacy information.