One shopper has already spent more than R400 000 this Black Friday. Online transaction volumes are increasing steadily, according to data from payment platform Ozow. South Africans are expected to spend more on essentials this Black Friday. One Black Friday shopper has already spent at least R404 000 on Black Friday deals over 23 different transactions. South African fintech company Ozow is maintaining a data dashboard for Black Friday which shows transaction statistics for payments made through the gateway, including the three customers who spent the most money. The largest single transaction for the day so far was R140 000. The number of online transactions made is increasing rapidly every hour, according to Ozow data. Customers are paying an average of just under R700 per transaction. Black Friday is the name given to the Friday after the US’ Thanksgiving holiday when businesses offer huge discounts on merchandise. South Africans are expected to spend more on essentials this Black Friday than on cheap tech, according to research by the Bureau of Market Research. The availability and prominence of e-commerce sites mean that many consumers will be looking for deals online rather than in stores. For more stories, visit the Tech and Trends homepage. If you’d like to read more, visit https://www.news24.com/news24/tech-and-trends/skint-south-african-consumers-expected-to-spend-more-on-essentials-this-black-friday-20231031.
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