CAPE TOWN – BankservAfrica continued to crunch the figures on Black Friday sales and on Wednesday revealed that South Africans spent a total of R2 897 897 379 for 2018, a 15.92 percent growth when compared with 2017’s R2 499 876 432.
BankservAfrica, Africa’s largest automated payments clearing house, also revealed that debit and credit card transactions reached 4.8 million during this year’s Black Friday, which represents a 4 percent year-on-year growth on 2017’s 4.7 million.
BankservAfrica’s figures, which covers all in-store card transactions (excluding ATM) by BankservAfrica between midnight and 11:59pm on November 23, showed the highest transaction per second took place at 4:38pm where 153 transactions were processed.
The second highest was at 12:34pm where there were 152.
The busiest card swiping hours were between 4pm and 5pm where there were 404 194 purchases.