Kaya 959 Kaya Biz

Black Friday survey: online spend likely to triple over last year

Loading player...
Paul Behrmann, CEO of Payflex

Black Friday survey: online spend likely to triple over last year
 
Tuesday, 22 November 2022:  Just over 90% of SA buy now pay later (BNPL) customers plan to spend more online this festive season than last year, while 78% plan to shop on Black Friday. This is according to a survey of more than 1,600 customers conducted this month by Payflex, South Africa’s first and largest BNPL provider.

  “Our customer base has more than doubled since 2021 to over 450,000 customers so we are expecting Black Friday Payflex spend to more than double this year,” says Paul Behrmann, Payflex founder and CEO. “South Africans are becoming more comfortable with using BNPL as a budget tool, shunning expensive credit to pay for purchases in interest-free instalments instead.” Online sales continue to grow strongly with 92% of customers planning to shop only or mostly online on Black Friday.
24 Nov 2022 1PM English South Africa Business News · Investing

Other recent episodes

Jetour T2 Makes History: How a Newcomer Won SA Car of the Year

For the first time in 40 years, a Chinese brand has taken South Africa’s top automotive honour. The Jetour T2 beat 55 contenders to win Car of the Year 2026. Vice President for Jetour South Africa Nic Campbell explains what set the T2 apart, why Chinese brands are rising so…
5 Jun 5AM 11 min

Retail Rebound: NIQ Unpacks SA’s Surprising Q1 Consumer Surge

South Africans spent R173.6 billion on FMCG goods in Q1 — with volumes up 9.1%. Snacks, beverages and tobacco surged, while baby food and care declined. NIQ’s Lané Klopper breaks down the drivers behind the rebound, the rise of traditional trade, and why inflation may tighten the screws again in…
5 Jun 5AM 12 min

Canal+ Lists on the JSE: What It Signals for SA’s Capital Markets

JSE Capital Markets Chief Helina Andhee breaks down the significance of Canal+’s new listing and what it reveals about South Africa’s evolving listings environment. We explore liquidity, innovation, delistings vs. new entrants, and the JSE’s strategy to attract global issuers in a competitive capital markets landscape.
3 Jun 3PM 15 min

Beyond the Rate Hike: Fuel Shocks, Credit Stress & SA’s Financial Fragility

TransUnion Africa CEO Lee Naik analyzes how rising rates, fuel spikes, and deepening credit stress are reshaping household finances. We unpack a 14% collapse in fuel buying power, soaring non‑bank loan delinquencies, and why the new withdrawal system may offer less relief than expected. A data‑driven guide to absorb, adapt,…
3 Jun 3PM 13 min

Can BRICS Absorb SA’s Confidence Shock? Advocate Xulu on Trade

BRICS Business Council’s Advocate Mtho Xulu joins us to discuss South Africa’s widening BRICS trade deficit, the urgent need to shift from raw exports to value-added manufacturing, and whether BRICS-Plus markets can help offset domestic demand weakness. A strategic look at SA’s place in a rapidly shifting global trade environment.
3 Jun 2PM 11 min
All episodes