SA festive spend predicted to hit over R250bn
JOHANNESBURG – Research by short-term lender, Wonga, has revealed that South Africans will each incur an average of R6 585 in festive expenses this summer, over and above their usual budgeted expenses.
Based on Statistics SA’s mid-year population size estimates, working aged South Africans are set to pump R254 billion into the economy, an increase of 24% from last year.
As part of Wonga’s Festive Spending Survey, almost 6 000 South Africans shared what they plan on doing these holidays, who they plan on doing it with and how much they intend to spend.
Source: iol.co.za
