
NCC launches probes into Shein and Temu as regulators warn of rising digital-market risks
Regulators warn that digital-market growth is outpacing consumer protection and local-job safeguards.

Regulators warn that digital-market growth is outpacing consumer protection and local-job safeguards.

A new report shows that while most spending still goes to food, fuel and travel, the real shift is in how South Africans are paying – with digital tools rapidly replacing cash across all age and income groups.

BankservAfrica data shows cash demand remained high in December, with online shopping also seeing record growth.

Consumers defied economic pressures this Black Friday, with banks processing billions in transactions and setting new records. Digital payments took centre stage, highlighting a significant shift in consumer behaviour.