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Black Friday 2018 numbers are in


SOUTH AFRICA SHOPPED UP A STORM! 
 

Online sales for Black Friday and Cyber Monday 2018 exceeded figures for 2017. This is according to BankservAfrica, Africa’s largest automated payments clearing house, which processed a total of 581 189 online transactions over the period. 

Black Friday proved to be more popular amongst South Africans with 404 594 online transactions, a 55% growth on 2017 (2017: 260 552) while for Cyber Monday this was 176 595, a 36% growth on 2017 (2017: 129 458). The most expensive transaction for Black Friday was over R6 million while for Cyber Monday this reached R5 million. South Africans also took to online shopping earlier for Black Friday peaking at 08:00 – 09:00 unlike Cyber Monday where there were later starts at 10:00 – 11:00. 

The average transactions per minute was 695 at peak for Black Friday. For the day, this was 281 per minute. Cyber Monday was less active at 277 transactions per minute during peak and averaging 125 per minute for the day. “This year’s Black Friday and Cyber Monday figures surpassed 2017’s with more South Africans taking to online to do their transactions,” said Martin Grunewald, Executive Head: Payments Business at BankservAfrica.  “The year-on-year growth certainly reflects the growing popularity of these major shopping days despite the tougher economy experienced.”

 

 

 

 


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The BETI (BankservAfrica Electronic Transfer Index) is the broadest and earliest business cycle indicator on the economic calendar and gives the fastest overview of South African growth trends.
BankservAfrica Take-home Pay Index (formerly BDSI - BankservAfrica Disposable Salary Index), monitors how much cash salaried consumers have at their disposal and is released quarterly.
BankservAfrica Private Pensions Index (BPPI), provides an income gauge of monthly private pension payments paid into bank accounts of those 60 years of age and over.

BIS FMI SELF-ASSESSMENT REPORT
BankservAfrica is recognised as a systemically important Financial Market Infrastructure by the South African Reserve Bank.   In 2014, the company undertook a self- assessment in terms of the Principles for Financial Market Infrastructure published by the Bank for International Settlements. This self-assessment report was submitted to the SARB in April 2014. Following a review by SARB, BankservAfrica has published in full the 2014 self-assessment.  Readers should note that the self-assessment report was concluded over two years ago and that many aspects of the organisation have changed.  BankservAfrica will publish a revised assessment annually.  The latest full report dated January 2017 is available below.
Download Full Report


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UPCOMING INDUSTRY EVENTS
22-25 October 2018 SIBOS 2018
(Venue: Sydney Australia)
27 November 2018 Finovate 2018
(Venue: The Westin, Cape Town