This site requires JavaScript to be enabled. Please enable JavaScript in your browser settings, or upgrade to a modern browser.

Blackout Black Friday: Retailers to rack up R17.3bn

Loading player...

South African retailers are expected to generate around R17.3bn in additional sales over the Black Friday promotional period, representing around 6.7% growth over the Black Friday period in 2021. The number is forecast to be R5.4bn lower than it would have been if South Africa was not experiencing so many days of load shedding, which has been at high levels throughout 2022.

That’s according to new research conducted by the Bureau of Market Research (BMR) on behalf of fintech funder Capital Connect. The research also finds that the motor trade is forecast to generate additional sales value of R5.9bn over
the busy promotional period, which is R2.9bn lower than would be expected in a year with less load shedding.

3 Nov 2022 2PM English South Africa Business News · Investing

Other recent episodes

SA Homeowner growth steady, report finds

Hayley Ivins-Downes from Lightstone Property shares data about home-buying activity in South Africa, which paints an interesting picture about affordability and which specific parts of the country are seeing the most development.

27 Mar 5AM 11 min

Ekasinomics — Soweto’s Tech Visionary Transforming SME Growth

Joining the Ekasinomics feature today is KK Diaz, a Soweto‑based tech entrepreneur and author of eight business books, who just launched an AI‑powered business operating system that could reshape how SMEs plan, execute, and scale.

1 Apr 4PM 8 min

Ford’s Neale Hill on becoming one of the architects of Africa’s Modern Era

We unpack the journey of the man who went from intern to president of Ford Africa and the impact he had in growing the local economy. Neale Hill joins us to talk about navigating supply chain shocks, multi-billion-rand investments, and Africa’s mobility future.

1 Apr 4PM 41 min

Inside Your Business: Liquidations hit SME sectors the hardest

South Africa’s business landscape remains under strain. New data from Stats SA shows that 135 companies were liquidated in February—a slight improvement from last year, but still a sign of persistent financial pressure across the economy. Aroni Chaudhuri, Chief Economist at Coface Africa, helps explain what these numbers mean for…

1 Apr 4PM 9 min

SARS delivers record-breaking revenue collection

The Commissioner for the South African Revenue Service (SARS), Edward Kieswetter, today tabled the strongest annual revenue collection numbers in democratic history. He joins us to reflect on the numbers and his tenure at SARS as he steps down from the role.

1 Apr 4PM 15 min

All episodes