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Capitec clients spent R25.45 billion this Black Friday and Saturday – up 27% year-on-year

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GUEST – Francois Viviers, Capitec’s Executive of Marketing and Communications

Black Friday highlights:

- Capitec clients spent R25.4 billion this Black Friday and Saturday – enough to buy over 7.2 million tickets to the Springboks vs All Blacks game at DHL Stadium during the 2024 Castle Lager Championship and fill it 132 times over.

- Capitec App clients logged into the Capitec App 27 million times on Black Friday alone – up by 51% from last year.

- While cash withdrawals grew by 15%, this was a slower growth rate than digital payments.

- Card payments increased 21% year-on-year, with online card transactions rising by over 38%.

- Capitec clients spent R1.98 billion at major grocery retailers, equivalent to over 99 million loaves of bread.

- Capitec Pay saw impressive growth over the weekend, with 1.7 million transactions, totalling a 54.7% increase from 2023.
2 Dec 2024 10AM English South Africa Business News · Investing

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