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Black Friday specials expected to continue

The craze started on Friday (25 November) with people across the country making their way to shopping malls.

Hundreds of customers run inside the Makro store at it opens for Black Friday sale on 25  November 2016. Picture: Christa Eybers/EWN.

JOHANNESBURG - Black Friday specials continue today with some stores still selling goods at discounted prices.

The craze started on Friday (25 November) with people across the country making their way to shopping malls to buy goods at discount prices.

Eyewitness News spoke to some shoppers at the Woodmead Value Super Centre.

A pupil said he joined the craze to get an iPad for school.

“I haven’t been able to get one at a good price yet and it’s frustrating.”

Another shopper said she was pleased with her experience at the super centre on Friday.

In Durban, however, a woman was injured at the Pavilion Shopping Centre.

According to reports, she was treated after sustaining injuries to her shoulder during a stampede at the mall.

ECONOMY

Economists said the Black Friday shopping bonanza was not likely to have a significant impact on the economy other than a once-off boost in sales.

They believe the huge demand to join festivities shows that consumers are desperate for lower prices and are still feeling the lagging effect from the drought.

“We are not of the view that retailers are charging prices which are extensively high.

Fundamental analysis already show that retailers are already squeezing the margins, given the weak consumption demand environment,” ETM Analytics’ Jana van de Venter said.

Argon Asset Management's Thabi Leoka said end-of-year retail sales were not new.

“Leading up to the Christmas season and also January because of schools.”

(Edited by Shimoney Regter)

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