CURRENTLY ON AIR ⇒
  • The Conversation
    Wednesday, 11:05 am - 12:00 pm
    [ - ]

feedback@radioislam.org.za

logo


((( Listen Live )))))
Radio Islam Logo


Buy now, pay later, on this Black Friday and Cyber Monday

Nokwanda Dlangamandla | goodhope@radioislam.co.za
24 November 2022 | 13:30 AM CAT 1 min read

Photo Credit: WordCraftbyAnnisa

South Africans are gearing up for the annual Black Friday scheduled for November 25, 2022, followed by Cyber Monday.

Black Friday has become one of the biggest shopping days on the calendar in South Africa, with a growing list of local retailers offering reduced prices on a range of products.

But along with the hype, there is also a warning for consumers to be mindful of overspending this year.

This comes against rising fuel prices, growing inflation, increased interest rates, and a surge in food prices.

On “Cyber Monday”, which falls on November 28, 2022, online retailers are anticipated to run several promotions.

Despite consumers being more responsible and cautious when making purchases on Black Friday since COVID-19, PayFlex, South Africa’s most extensive and incredible online payment system, predicts a 60% increase in consumers this year.

Speaking with Radio Islam International, Chris Olsen, COO of PayFlex, said the company had doubled its customer base since 2021.

“This Friday, we are expecting a level increase for PayFlex.”

He claims that the amount spent using the “buy now, pay later” system had increased by about 20%, with consumers paying more for the item’s value.

“For instance, fashion is 29 % up, electronics, 27 %, children’s products, 11%, those are kind of spent categories where we have seen an increase in spend value.”

This year, it has been officially confirmed that Makro, Edgars, Clicks, Game, Huawei, iStore, and many other retail outlets will offer Black Friday specials.

Listen to the interview with Chris Olsen, COO of PayFlex, hosted by Ml. Sulaimaan Ravat on Sabahul Muslim, Radio Islam International’s award-winning breakfast show.

ADVERTISE HERE

Prime Spot!!!

Contact:
advertisingadmin@radioislam.co.za 

Related Articles

Cost of Living Vs Value of Work – Part 3

Cost of Living Vs Value of Work – Part 3

Hidden Poverty: Working and Poor 17 October – International Day for the Eradication of Poverty Quick Recap – Understanding the Working Poor We looked at the reality of the working poor — people who are employed but still live in poverty. These individuals work hard,...

read more
No Bomb Safety Standard In South Africa

No Bomb Safety Standard In South Africa

Rabia Mayet | rabiamayet@radioislam.co.za 14 October 2025 2-minute read South Africa’s international airports are possibly underprepared for bomb threats ahead of the G20 Summit set to take place in November, when world leaders will converge in the country. According...

read more

Subscribe to our Newsletter

0 Comments