Ray White speaks to Sarah Nicholson, Head of Customer Experience at Just Money, as Black Friday in South Africa shifts from a bargain-hunting frenzy to a high-risk financial minefield. What was once a fun retail tradition has increasingly become a season of regret, with shoppers falling prey to impulse buying, misleading “specials” and an alarming rise in AI-powered scams that mimic real retailers with frightening accuracy. Nicholson breaks down why the popular “no refund/no exchange” signs many stores still display are actually illegal, and how consumers can spot the new generation of scams, from polished fake websites to cloned social media pages. She also warns of the January financial hangover, when the consequences of November’s trolley-filling spree finally arrive in the form of mounting debt. Beyond consumers, we look at how small businesses navigate Black Friday without slashing prices so deeply that they jeopardise their own survival. Today, we unpack the risks, the rights and the practical steps South Africans can take to protect both their money and their peace of mind this shopping season.

 

702 Breakfast with Bongani Bingwa is broadcast on 702, a Johannesburg based talk radio station.

Bongani makes sense of the news, interviews the key newsmakers of the day, and holds those in power to account on your behalf. The team bring you all you need to know to start your day 

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Ray White speaks to Sarah Nicholson, Head of Customer Experience at Just Money, as Black Friday in South Africa shifts from a bargain-hunting frenzy to a high-risk financial minefield. What was once a fun retail tradition has increasingly become a season of regret, with shoppers falling prey to impulse buying, misleading &ldquo;specials&rdquo; and an alarming rise in AI-powered scams that mimic real retailers with frightening accuracy. Nicholson breaks down why the popular &ldquo;no refund/no exchange&rdquo; signs many stores still display are actually illegal, and how consumers can spot the new generation of scams, from polished fake websites to cloned social media pages. She also warns of the January financial hangover, when the consequences of November&rsquo;s trolley-filling spree finally arrive in the form of mounting debt. Beyond consumers, we look at how small businesses navigate Black Friday without slashing prices so deeply that they jeopardise their own survival. Today, we unpack the risks, the rights and the practical steps South Africans can take to protect both their money and their peace of mind this shopping season.
&nbsp;
702 Breakfast with Bongani Bingwa is broadcast on 702, a Johannesburg based talk radio station.
Bongani makes sense of the news, interviews the key newsmakers of the day, and holds those in power to account on your behalf. The team bring you all you need to know to start your day&nbsp;
Thank you for listening to a podcast from 702 Breakfast with Bongani Bingwa&nbsp;
Listen live on Primedia+ weekdays from 06:00 and 09:00 (SA Time) to Breakfast with Bongani Bingwa broadcast on 702: <a href="https://buff.ly/gk3y0Kj">https://buff.ly/gk3y0Kj</a>&nbsp;
For more from the show go to <a href="https://buff.ly/36edSLV">https://buff.ly/36edSLV</a> or find all the catch-up podcasts here <a href="https://buff.ly/zEcM35T">https://buff.ly/zEcM35T</a>&nbsp; &nbsp; Subscribe to the 702 Daily and Weekly Newsletters <a href="https://buff.ly/v5mfetc">https://buff.ly/v5mfetc</a>&nbsp;
Follow us on social media:&nbsp; &nbsp; 702 on Facebook: <a href="https://www.facebook.com/TalkRadio702">https://www.facebook.com/TalkRadio702</a>&nbsp;
702 on TikTok: <a href="https://www.tiktok.com/@talkradio702">https://www.tiktok.com/@talkradio702</a>&nbsp;
702 on Instagram: <a href="https://www.instagram.com/talkradio702/">https://www.instagram.com/talkradio702/</a>&nbsp; 702 on X: <a href="https://x.com/Radio702">https://x.com/Radio702</a>&nbsp; 702 on YouTube: <a href="https://www.youtube.com/@radio702">https://www.youtube.com/@radio702</a>

Get all the news you need to know each day with Bongani Bingwa’s Breakfast Show. Stay updated on developing stories and hear from the newsmakers making headlines as well as ordinary listeners affected by the stories. 

Get all the news you need to know each day with Bongani Bingwa’s Breakfast Show. Stay updated on developing stories and hear from the newsmakers making headlines as well as ordinary listeners affected by the stories.

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Breakfast with Bongani Bingwa

Black Friday turns risky: scams, debt traps and illegal store practices put SA shoppers in danger

https://api.omny.fm/orgs/5dcefa8e-00a9-4595-8ce1-a4ab0080f142/clips/505fe966-e97e-4c46-8ec0-b3a0007e967c/transcript