CONSUMER INSIGHTS | DECEMBER 2024 Absa’s Merchant Spend Analytics: October 2024 Absa | Corporate and Investment Banking > Insights and Events > Absa’s Merchant Spend Analytics: October 2024 SHARE Consume This, CGS Monthly: Volume 10 After a dip in September, card spending and transaction volumes rebounded strongly in October. This uptick can be attributed to factors such as the recent 2-pot retirement reform and overall economic improvement. This positive trend is particularly promising for this Black Friday, Cyber Monday and upcoming Festive Season. Your browser does not support the video tag. In the next edition, we will release data providing deeper insights into card spending and consumer spending patterns during Black Friday and Cyber Monday. We will analyse which categories saw growth, which declined, and whether online shopping will continue its double-digit growth trajectory. Additionally, we'll examine the ongoing trend of credit card usage outpacing debit card usage. Download latest Consume This Newsletter https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles Podcasts Africa Trade: Balancing Gains and Pains, Practical Realities and Support Balancing gains and pains: the on-the-ground realities and practical support. How do African businesses turn a trade vision into a profitable reality? This final, action-oriented episode focuses on the on-the-ground realities of AfCFTA implementation, addressing critical challenges and detailing the practical support available to businesses, particularly SMMEs. Podcasts Africa Trade: More Than Just Tariffs, Unlocking Opportunities More than just tariffs: unlocking opportunities in services and investment. Ready to move beyond borders? This episode dives deep into the African Continental Free Trade Area (AfCFTA), exploring the immense opportunities in services and investment that extend far beyond simple import tariff reductions over the next decade. Podcasts Navigating the New Africa Trade Deal Navigating the new trade deal. Ready to unlock a market of 1.3 billion people? This foundational episode of "Africa Trade Unlocked" is your essential guide to the African Continental Free Trade Area (AfCFTA), often hailed as the world's largest free trade area since the World Trade Organisation (WTO).
