Consumer confidence low
SA consumer confidence remained trapped at a two-year low and economic prospects are expected to worsen.
The consumer-confidence index stayed at -7 in the fourth quarter (Q4), FNB said. That’s still the lowest level since Q4 2017 and well off the record high of 26 when Cyril Ramaphosa took over as president two years ago.
SA business confidence is already at the lowest in over three decades.