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Published on IT News Africa - 18 November 2021
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South African retailers are expected to ring up around $724-million (R11.3 billion) in additional sales over the period of November as consumers splash out on Black Friday deals, with general dealers expected to capture a 55% ($398-million) share of the value.

That’s according to new research conducted by the Bureau of Market Research on behalf of Capital Connect, the Fintech business funding division of The Connect Group.

This year’s Black Friday will be bigger than last year’s but shy of the 2019 event

Published on TimesLIVE - 17 November 2021
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In November 2019, retail spending during Black Friday was R15.4bn. It was R10.2bn in November 2020, and is expected to be R11.3bn this year

Retail spending on Black Friday will improve this year compared to 2020 but it will not be better than 2019, according to research.

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After a difficult year that saw year-on-year sales fall every month between the start of the hard lockdown and September, SA's retail sector is hoping for a fresh start in 2021

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Given that cash is still the most preferred method of payment in South Africa, Black Friday promises to be a cash bonanza for both consumers and retailers.

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