South Africa Cashback Programs Market Opportunities Databook 2024 - Compound Annual Growth Rate of 12.3% Forecast During 2024-2029, with Market Set to Reach US$1.28 Billion by 2029 [Yahoo!...
SHOPRITE HLDGS LTD S/ADR (SRGHY)
NASDAQ:AMEX Investor Relations:
shopriteholdings.co.za/investor-centre.html
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Source: Yahoo! Finance
Databook - 50+ KPIs on Cashback Market Size, By Business Model, By Channel, By Cashback Program Type, By End Use Sector - Q3 2024 Update" report has been added to ResearchAndMarkets.com's offering. The cashback spending through cashback programs is expected to experience significant growth, with spending projected to surge by 14% annually. The medium to long-term outlook for cashback spending in South Africa remains robust, with adoption anticipated to increase steadily over the forecast period. This is expected to record a compound annual growth rate (CAGR) of 12.3% from 2024-2029. The value for cashback spending is forecasted to increase from US$632.70 million in 2023 to US$1.28 billion by 2029. Cashback programs in South Africa are rapidly evolving as they respond to changing consumer preferences and economic realities. The shift towards immediate rewards reflects a significant change in how consumers engage with loyalty programs, particularly among younger demographics who v
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