Kaya 959 Kaya Biz

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

Loading player...
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 1PM English South Africa Business News · Investing

Other recent episodes

Tech & Innovation: The Youth-led Ai Startup Transforming Consumer Insight

South Africa’s youth economy is bursting with innovation — and few stories capture that energy better than that of Kamogelo Selepe. At just 22, she built an AI platform that predicts consumer behaviour. Kamogelo is the CEO and Founder of ArcaneEdge, an AI‑powered marketing technology company operating at the intersection…
16 Jun 12PM 15 min

Careers Corner: Fixing Youth Unemployment by Starting at Age Four

With youth unemployment at 61%, Afrika Tikkun argues that South Africa is intervening far too late. Afrika Tikkun’s Marc Lubner explains why the Cradle‑to‑Career 360° model—from early childhood to job placement—is the missing link in solving the jobs crisis. A powerful conversation on early intervention, soft skills, agripreneurship, and rethinking…
15 Jun 4PM 14 min

Construction Confidence Slumps as Costs Surge

The FNB/BER Building Confidence Index drops to 38 as rising internal costs, Middle East conflict pressures, and project postponements hit the sector hard. FNB Senior Economist Siphamandla Mkhwanazi unpacks the collapse in subcontractor confidence, the reversal in non‑residential activity, and whether early‑pipeline indicators offer any hope for recovery.
15 Jun 4PM 9 min

SA Manufacturing Confidence Climbs Despite Cost Shock

The Q2 Absa Manufacturing Survey shows confidence rising even as business conditions deteriorate sharply. Sachin Chanderdhev, Sector Specialist for Manufacturing at Absa Business Banking. breaks down the paradox: record raw material spikes, shipping disruptions, fuel costs, and the 8.76% electricity tariff increase—and how manufacturers are still managing to adapt, negotiate…
15 Jun 3PM 14 min

Wealth Creation: What SA Women Get Right About Money

The inaugural Franc Wealth Index reveals a surprising truth: South African women outperform men financially — not because they earn more, but because they behave differently. Franc Co-Founder Sebastian Patel unpacks the behavioural edge, the confidence gap, and why consistency beats cleverness every time.
15 Jun 3PM 13 min
All episodes