The FNB Building Confidence Index showed that confidence in the industry declined from 66 in the first quarter of 2008 to 50 in the second quarter.
Consumer confidence in South Africa has fallen to a four-year low, according to the latest consumer confidence index by First National Bank and Stellenbosch University’s Bureau for Economic Research (FNB/BER), released on Tuesday. According to FNB/BER index, consumer confidence declined by 10 index points.
The current global economic turmoil is unlikely to ”impoverish” South Africa and there is some good in the weaker rand, according to First National Bank chief economist Cees Bruggemans. Commenting on the falling rand on Monday, Bruggemans said the good news is that it is the shock absorber of the moment.
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/ 20 February 2008
Finance Minister Trevor Manuel’s national budget charts a pragmatic course that offers hope for better times ahead, the South African Chamber of Commerce and Industry said on Wednesday. The budget has a definite business-friendly undertone, Citadel chief investment officer Jan van Niekerk said.
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/ 4 December 2007
Consumer confidence has surprisingly rebounded to close to its previous record, according to the First National Bank (FNB)/Stellenbosch University Bureau for Economic Research’s (BER) latest FNB/BER consumer confidence index, which was released on Tuesday. Consumer confidence increased by four index points.
Consumer confidence declined further during the third quarter of 2007, according to First National Bank and Stellenbosch University’s Bureau of Economic Research’s consumer confidence index (CCI) released on Tuesday. The CCI declined by three index points — from 21 during the second quarter of 2007 to 18 during the third quarter of this year.