https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Black Friday 2024 Absa | Corporate and Investment Banking > Insights and Events > Black Friday 2024 Africa Impact Matters Series Black Friday 2024 Black Friday, once synonymous with long queues, crowded stores, and deep discounts, seems to be losing its luster. 2023 marked a significant shift in Black Friday spending patterns compared to the previous year. In recent years, retailers have increasingly opted to scale back on their promotional offers which has disappointed Black Friday enthusiasts. Consumers may need to adjust their expectations and explore alternative shopping strategies to find the best deals throughout the year. Why the decline in deep discounts? Find out more through our Black Friday 2024 insights below. What's the sentiment on either side of the sales counter ahead of Black Friday? Find out in our Absa Africa Impact Matters vodcast. Related Insights CONSUMER INSIGHTS Absa’s Merchant Spend Analytics: September 2024 Is the two-pot retirement system giving consumers extra money to spend? We know the financial health of the consumer has been under strain for a prolonged period, leading to a decline in card spending and volumes. The latest Merchant Spend Analytics reports how consumers may be using a portion of their two-pot retirement system payouts to settle short-term debt and restore household spending. Read more CONSUMER INSIGHTS Absa’s Merchant Spend Analytics: August 2024 Is the two-pot retirement system giving consumers extra money to spend? We know the financial health of the consumer has been under strain for a prolonged period, leading to a decline in card spending and volumes. The latest Merchant Spend Analytics reports how consumers may be using a portion of their two-pot retirement system payouts to settle short-term debt and restore household spending. Read more BLACK FRIDAY SA Shoppers Should Brace for Fewer Black Friday Bargains American novelist, Herman Melville once wrote: “It is better to fail in originality than to succeed in imitation.” This quote felt apt as we review consumer habits and the annual “Black Friday” and “Cyber Monday” trade events. Read more CONSUMER INSIGHTS Absa’s Merchant Spend Analytics: July 2024 Consumers are feeling the pinch! South African consumers’ financial health is under significant strain due to inflation, high interest rates and global economic challenges which have burdened them with debt. Despite a slight increase in real take-home pay for consumers, the growth is insufficient to keep up with the rising cost of living and high levels of debt. Read more CONSUMER INSIGHTS Absa’s Merchant Spend Analytics: June 2024 We are pleased to share the latest Merchant Spend Analytics report. As a leading merchant acquirer, we pride ourselves on using a unique vantage point into consumer spending insights to guide your business through today’s spending trends. Read more Vodcast Episodes What is shaping the retail landscape in Black Friday's crucial quarter? Africa Impact Matters Series Welcome to Africa: Impact Matters, a content series that brings the "Your Story Matters" promise to life by celebrating the achievements of visionary business leaders driving Africa’s growth. Through impactful stories and in-depth interviews, this series spotlights transformative projects and personal journeys that inspire and empower the continent’s future. BBC StoryWorks We asked BBC StoryWorks Commercial Productions to produce a series of stories for us, showcasing inspiring stories of innovative business leaders driving growth and sustainable development across Africa. Through compelling interviews, these case studies highlight how collaboration sparks progress, featuring businesses from diverse industries to engage a Pan-African audience. From renewable energy pioneers empowering communities to tech innovators bridging digital divides, each story exemplifies the success of Africa’s business leaders. The Money Show (Radio 702) This unique radio sponsorship opportunity, hosted by Stephen Grootes, highlights our commitment to supporting our clients and fostering business growth across Africa. Through this platform, we tell our clients' stories, showcasing how our strategic partnerships contribute to economic development. By addressing macro-economic trends driving investment in the continent, we connect individual success stories to broader economic shifts, emphasising Absa CIB’s role in creating a thriving investment environment in Africa. Gordon Institute of Business Science (GIBS) “It’s a story written in the stars.” When Gordon Institute of Business Science (GIBS), Africa’s leading business school, made its agenda known – to build sustainable, responsible governance that has a net positive effect on the environment – we knew it was a natural fit. GIBS understands something we too recognise, champion and own: there is a cost to inaction. Known and celebrated for nurturing true business leaders, GIBS has now grown its insightful impact with an MBA programme focused on climate leadership and sustainability. It’s writing a story worth reading, and we’re here to invest in it for the long run. Podcasts Contact Form Share your details with us and a banking expert will get in touch you at your convenience. CONTACT INFORMATION Name Surname Job title Company name Company e-mail address Contact number (with country code) Are you an existing Absa client? Yes No HOW CAN WE HELP YOU What is your query related to? Please choose an option Get in touch Trade Management Online SIBOS Absa Insights Series Eurofinance Champagne in Africa Commercial property Connect with an FX expert Absa Access or Electronic Collections Trade and Working Capital I would like to sign up for marketing communications from Absa CIB Continue By clicking Continue, I confirm that I have read and accepted the Terms of Use and Privacy Statement. https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3
