Online shopping surges 51% as South African consumers shift to digital, Absa reports
The Absa Merchant Spend Analytics Report for February 2025 reveals a broad decline in card spending and transaction volumes, though the pace of decline has eased since January. Amid economic uncertainty, the report highlights shifting consumer behaviour, the growth of online shopping, and the resilience of South Africa’s evolving township economy. Moderation in expenditure declines [...]