With interest rates at a 14-year high, many South Africans have depleted their emergency savings
The improvement in confidence was helped by the change in attitude of affluent consumers, who were spooked by severe load-shedding and the Russian cargo ship debacle in the previous quarter
Financial conditions are tight but demand for credit has remained robust in the face of interest rate hikes
It could prove difficult for government to loosen its grip on the public purse, but economists say the current extraordinary circumstances require intervention
The appreciation of the rand, low food inflation and stable interest rates have been positive for consumer confidence.
The recession is ‘entirely home-made’ and could be deepened by widespread political uncertainty
A slew of data from China and central bank decisions in the UK, Australia and Kenya will likely dominate this week’s economic news.
Consumer confidence plunged to a nine-year low during the first quarter of this year‚ signalling that household spending would be subdued this year.
FNB and the Bureau for Economic Research have reported that consumer confidence increased slightly in the third quarter.
The average value of cash withdrawals across more than 1 500 ATMs throughout South Africa grew 6.77% year on year for June.
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/ 16 November 2011
The consumer confidence index rose marginally by one index point for the fourth quarter of 2011, according to the Bureau for Economic Research.
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/ 12 September 2011
The consumer confidence index plunged seven points in the third quarter of 2011 as sentiment about the economy worsened.
According to the MasterCard Worldwide Index of Consumer Confidence, South Africa’s consumer confidence has risen to levels last seen in 2009.
Consumer confidence rose to +11 points in the second quarter of 2011, from +9 points in the preceding quarter.
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/ 17 November 2010
Retailers can expect a good festive season as consumers plan to spend on furniture, appliances and electronic goods.
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/ 16 November 2010
Consumer confidence is positive for the fourth quarter of the year, according to the First National Bank/Bureau for Economic Research consumer confidence index released on Tuesday. “This has been the case throughout 2010, by itself rather unusual for an economy barely out of recession and at a time of much global turmoil,” said Cees Bruggemans, […]
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/ 13 September 2010
South Africa’s consumer confidence ticked up in the third quarter as consumers were upbeat about their spending power, a survey showed on Monday.
Confidence among South Africa’s consumers slipped in the second quarter as households took a dim view of their finances.
Confidence among South African consumers jumped sharply in the first months of 2010, a survey showed on Tuesday.
Consumer confidence rose in the second quarter of 2009 on expectations of better times, according to a consumer confidence index released on Tuesday.
Confidence among SA’s consumers increased in the first quarter of this year, on optimism about personal finances partly due to lower interest rates.
Consumer confidence in South Africa remains stubbornly optimistic, according to an survey released in Johannesburg on Wednesday.
South African consumer confidence plunged to a new four-year low in the second quarter of 2008, stung by high interest rates and soaring inflation.