Black Friday’s effect on South Africa’s economy

The US shopping fiasco with low or discounted deals Black Friday is gripping South Africa this year’s black Friday is expected to be the busiest ever with stores and online stores see heavy traffic. Some store opened their doors at midnight to allow for crowds of buyer to start early at all the deals.

Most of the shopping major retailers of South Africa like Game, Makro, Checkers, Pick n Pay and Shoprite are participating with deal ranging from 20% to 80% on select items as reported by timeslive.co.za. While online sites are seeing the highest amount of traffic this year and have advertised heavily to attract customers today.

Some critics of the believe that black Friday doesn’t fit in with the value of South Africans and promoting overspending and antisocial behaviour. While economists have warned that Black Friday could lead to many South African consumers falling it to debt and can take away from December or holiday spending.

 

By Mokgethi Mtezuka

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