As the leading payment processor in South Africa, we are confident in our readiness to support our merchants as they accommodate for the spike in consumer activity this holiday. First, let us take a minute to get a closer look at the attitudes that South African consumers are expressing towards the upcoming holidays.
It is already estimated that roughly 43% of South Africans will be making use of their end-of-year bonuses to fund larger-than-usual expenses over December. Predictions also suggest that about 37% of South Africans will be dipping into their savings in order to spend big this holiday season.
At least 77% of South Africans are expecting to spend money on gifts for their families and friends, 21% of whom will be buying personal gifts for themselves as well. All things considered; the nation’s retailers are likely to encounter no shortage of customers.