Tourists flocking to South Africa: Five countries driving the trend

Tourists flocking to South Africa: Five countries driving the trend

New data from Discovery Bank and Visa reveals that South Africa remains a magnet for international tourists, particularly from the United Arab Emirates (UAE), Canada, the United States, Germany and the United Kingdom. The findings are part of the latest SpendTrend25 report, which analyses how consumer spending has changed between 2019 and 2024. Cape Town leads international spend Using insights from VisaNet and Discovery Bank’s client data, the …

South Africans adapt to busy lifestyles with increased digital spending

As South Africa’s workforce adjusts to a post-pandemic landscape, new data reveals a notable shift in consumer spending habits, driven largely by the fast-paced nature of modern life, Cape {town} Etc reports. Findings from the latest SpendTrend25 report, a collaboration between Discovery Bank and Visa, illustrate how returning to office work is influencing personal finances, with a significant uptick in fuel expenditure and time spent commuting.…

SA consumers are still under pressure

South African consumers remain under financial pressure, spending less and even dipping into savings for everyday expenses. These are among the finding from the new SpendTrend25 report from Discovery Bank and Visa, the third annual collaborative report of South African consumer spending habits based on an in-depth analysis of credit card spend data. Combining their datasets and analytics, SpendTrend25 tracks how consumer spending habits have evo…