Kaya 959 Kaya Biz

Valentine’s Day spend likely to see a double-digit increase, says FNB

Loading player...
GUEST: Ashley Saffy - FNB Card Head of Spend and CVM
Valentine’s Day, popularly known as one of the most anticipated days to celebrate love through gifts and special moments with their loved ones, is finally here. During this popular period, past trends have indicated that FNB card holders spend more each year on categories such as chocolates, flowers, general gifts and jewellery.
Overall, Valentine’s Day spend in these categories increased by 11% year-on-year (YoY) in 2024 and is expected to double in digit growth this year. In the week of Valentine’s Day, the bank saw a 60% week-on-week increase in spend on chocolates in 2023 and 54% in 2024. Spend on flowers also reportedly increased by 83% in 2023 and by 91% in 2024. General Gifts also noted a 10% spend increase in 2023 and 9% in 2024, while jewellery equally saw a 10% spend uptick in 2023 and 9% in 2024.
13 Feb 1PM English South Africa Business News · Investing

Other recent episodes

Predatory lending and debt abuse as a human rights issue in SA.

GUEST - Samantha Moyana - Debt Counsellor, National Debt Advisors As South Africa observes Human Rights Day, the focus is often on the nation’s hard-won freedoms. But beyond the political and social discussions, a critical and often overlooked issue threatens the financial well-being of millions—predatory lending and debt abuse. With…
20 Mar 2PM 15 min

Does birth order impact your investing style?

GUEST – René Basson, Head of Brand at Satrix Does the order in which you're born shape the way you handle money? Some studies suggest that firstborns tend to be more risk-averse, preferring safer investments, while younger siblings, often seen as more adventurous, may gravitate toward higher-risk options like equities…
20 Mar 2PM 7 min

SARB keeps repo rate unchanged at 7.5%

GUEST – Johann Els - Old Mutual Group Chief Economist The South African Reserve Bank (SARB) has once again opted to hold the repo rate at 7.50%, keeping the prime lending rate steady at 11.00%. This decision, though expected by many economists, comes at a time of heightened global uncertainty…
20 Mar 2PM 13 min

Repo rate unchanged: Impact on homeowners and aspiring buyers.

GUEST – Bradd Bendall, National Head of Sales at BetterBond. The South African Reserve Bank (SARB) has once again decided to keep the repo rate unchanged at 7.50%, a move that has significant implications for both current property owners and aspiring homebuyers. With inflation risks still present and economic growth…
20 Mar 2PM 11 min
All episodes