Shoppers usually go all out to benefit from great deals on electronics, food, clothes, fragrances, home essentials, jewellery, and books.

Business Tech reports South Africa’s wholesale, retail, and fuel sectors are expected to generate over R88 billion in additional economic value for the South African economy during this year’s Black Friday sales.

However, people are cautioned not to overspend by getting caught up in the Black Friday frenzy.

“What we at FNB suggest is the today, tomorrow, and next week limit,” said FNB integrated advice product head, Ester Ochse. “This means setting a limit for yourself to spend R100 today, but if it’s more than R100, wait until tomorrow. If the item is more than R300, wait a week before you seriously consider buying it.

“Ask yourself; do I need it? Our stats have shown a lot of sales on groceries, clothing, and entertainment. The first two I understand, but with entertainment people should really ask themselves if they need it?”

Unfortunately, scammers and fraudsters are on the prowl for possible victims, so it’s important to remain vigilant when making Black Friday purchases.

When purchasing items online for Black Friday, it is advised to use your virtual card. Photo: iStock

FNB’s safety tips for online shoppers:

• Compare prices with other trusted retailers before making a purchase.
• Use your virtual card for all purchases
• Always read the fine print and double-check return policies, as some stores have stricter guidelines on Black Friday.

“Taking out a loan for a big need purchase like replacing a fridge or washing machine, could be a viable solution, but you don’t want to take out a loan for a want, for example, a gaming console.

“I would advise consumers to use their virtual cards as the CVV number changes after a few hours which gives an added layer of protection. Ensure that the site you are shopping on is official and not a dupe. To be sure, rather type in the URL.”

Online scams are usually too good to be true. Photo: Supplied/SAPS

Private investigator Mike Bolhuis has tips for Black Friday safety:

• Avoid carrying large amounts of cash; use credit or debit cards instead.
• Stay aware of your surroundings, especially in crowded areas.
• Avoid making trips in and out of the mall with noticeable shopping bags multiple times.
• Stick to a list of items you really need and have budgeted for.
• Do not take a personal loan to cover expenses on Black Friday.

OFM News/Zenande Mpame mvh