According to this first annual Global Gifting Survey, South Africans are on track to repeat their mistakes, with 57% of South Africans expecting to blow their budget for the second year in a row. Last year, 46% of South Africans made a holiday spending budget, but most didn't follow it. Only 15% spent exactly what they budgeted, and 64% went over budget.
Whilst most plan a budget (69%), many do not think they will stick to it if it means finding the perfect gift. However, the research revealed that you might not have to empty your wallet finding the perfect gift after all. South Africans overwhelmingly want cash - 84% would rather have R1000 in cash than a gift worth R1000.