JOHANNESBURG – Online sales for Black Friday and Cyber Monday 2018 exceeded figures for 2017.
This is according to BankservAfrica, Africa’s largest automated payments clearing house, which processed a total of 581 189 online transactions over the period.
Black Friday proved to be more popular among South Africans with 404 594 online transactions, a 55 percent growth from 260 552 in 2017, while for Cyber Monday this was 176 595, a 36 percent growth from 129 458 in 2017.
The most expensive transaction for Black Friday was more than R6 million while for Cyber Monday this reached R5 million.
South Africans also took to online shopping earlier for Black Friday peaking at 08:00 – 09:00 unlike Cyber Monday where there were later starts at 10:00 – 11:00.
The average transactions-per-minute was 695 at peak for Black Friday. For the day, this was 281 per minute. Cyber Monday was less active at 277 transactions per minute during peak and averaging 125 per minute for the day.
“This year’s Black Friday and Cyber Monday figures surpassed 2017’s with more South Africans taking to online to do their transactions,” said Martin Grunewald, Executive Head: Payments Business at BankservAfrica. “The year-on-year growth certainly reflects the growing popularity of these major shopping days despite the tougher economy experienced.”
Content supplied by BankservAfrica.
BUSINESS REPORT ONLINE