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

Leaky Pipelines & Broken Rungs: Fixing Gender Gaps in Investments

PPS Investments’ Fran Troskie breaks down why asset management still struggles with gender parity — from caregiving burdens to promotion barriers, wage gaps, and murky leadership pathways. A candid Women’s Month conversation on redesigning the industry for true inclusion.
18 Aug 1PM 16 min

Tax as Strategy: How Women Can Lead in a Volatile Economy

PwC’s Mbai Rashamuse joins our Women’s Month spotlight to unpack how tax can be a strategic lever for value creation — not just compliance. She explores financial sector shifts, inclusive leadership, and how women can shape Africa’s economic future through tax and governance.
18 Aug 1PM 16 min

Absa Delivers 8% Earnings Growth in Tough Conditions

Absa posts a resilient 1H26 performance with headline earnings up 8% to R12.8bn, ROE rising to 15%, and revenue growing 4%. We speak to Group FD Deon Raju about margin pressure, credit improvements, digital investment, and the bank’s outlook for FY26.
18 Aug 12PM 13 min

Sacci Confidence Edges Higher — But Is Sa’s Recovery Losing Momentum?

South Africa’s business confidence ticked up again, with SACCI’s July index rising to 125.4, its strongest level since March. Economist Richard Downing explains how the improvement was driven by higher new-vehicle sales, stronger merchandise exports, and lower energy prices, while inflation pressures and weaker precious-metal prices continued to weigh on…
18 Aug 12PM 10 min

Women Behind the Wheel: Breaking Barriers in Automotive Leadership

From SABC broadcaster to senior communications leader at Isuzu Motors SA, Iviwe Poti shares her journey through two male‑dominated industries: automotive and strategic marketing. She discusses navigating corporate spaces, shaping brand narratives across commercial vehicles, mentoring young women, and driving transformation in one of South Africa’s toughest sectors.
17 Aug 1PM 17 min
All episodes