Holiday shopping in December fuels another strong month for consumer spend.

Loading player...
GUEST – Solly Bellingan, Head of Marketing at BankservAfrica.

The December 2024 holidays lived up to its reputation as a peak shopping month, with spending showing healthy signs of growth, according to the latest data from BankservAfrica. “The continued year-on-year seasonal uptick highlights the December holidays as a significant contributor to the economy,” says Solly Bellingan, Head of Marketing at BankservAfrica. “The month also reflected steady spending patterns following Black Friday's strong performance.”
30 Jan 2025 12PM English South Africa Business News · Investing

Other recent episodes

What SA Retail Spending Trends Reveal About Consumers

Consumer panel expert Lané Klopper from NIQ South Africa unpacked how South Africans spent R683 billion on FMCG goods in 2025, with growth in traditional trade and smaller basket shopping reflecting financial pressure.
5 Mar 2PM 12 min

MultiChoice to Shut Down Showmax

MultiChoice has announced it will close Showmax after years of heavy investment and mounting losses. Business writer Mudiwa Gavaza explained the move reflects challenges in Africa’s streaming economics, rising content costs and strategic shifts under new ownership. MultiChoice to Shut Down Showmax: MultiChoice has announced it will close Showmax after…
5 Mar 2PM 26 min

FirstRand Posts Strong Results Amid Tough Economy

FirstRand delivered an 11% rise in normalised earnings to R23.2 billion for the six months to December 2025. CEO Mary Vilakazi said the performance was driven by solid momentum across FNB, RMB and WesBank, with diversified growth supporting returns.
5 Mar 2PM 13 min