Bumper Black Friday on cards, says FNB merchant services chief
JOHANNESBURG – FNB Merchant Services chief executive Thokozani Dlamini has predicted bumper Black Friday transactions based on the growth in sales volumes recorded over the last three years.
Black Friday falls on November 29, while Cyber Monday falls on December 2. The days have changed the way South Africans shop ahead of Christmas.
“This year we anticipate a 15 percent increase in the total number of transactions between November 29 and December 2,” said Dlamini.
Dlamini said that over the past three years, FNB had seen a substantial increase in transaction volumes for the period between Black Friday and Cyber Monday.
According to BankServAfrica, Africa’s leading automated clearing house, South Africa’s card transactions reached R3billion on Black Friday 2018, up 16percent from 2017.
Source: iol.co.za
