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South Africans queue for Black Friday sales despite high cost of living - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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Despite the current high cost of living, South Africans stayed up late to seek midnight savings as Black Friday started. Household debt is at 60%, and the current high interest rate environment has worsened the situation.

One shopper bought a TV at one of the big retail stores in Durban during the Black Friday sales on November 25, 2022.One shopper bought a TV at one of the big retail stores in Durban during the Black Friday sales on November 25, 2022.Household debt is at 60% and

in the second quarter of this year, down from 34.5% in the first quarter, and a record high of 35.3% in the fourth quarter of 2021.At midnight, customers were already queuing outside some retail stores for Black Friday deals.“I couldn’t get what I was looking for because the item was not really on sale,” says one shopper.

 

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