Research by BER and Capital Connect suggests a stronger Black Friday and festive season for the retail sector.
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Consumer confidence recovered further in the third quarter to its best since 2019.
South African business sentiment has risen to an almost two-year high, underpinned by the end of load shedding.
President Cyril Ramaphosa on Monday welcomed last week’s milestone of 100 days without load shedding in South Africa.
South Africa’s consumer confidence fell further in the second quarter, according to a survey released on Thursday.
The RMB/BER Business Confidence Index declined for a fifth consecutive quarter in the second quarter of 2023.
South African consumers regained some confidence in the economy in the third quarter after consumer confidence hit a 35-year low in the previous quarter, a survey showed on Monday.
Business confidence dropped by four index points in the second quarter of this year, Rand Merchant Bank (RMB) and the Bureau for Economic Research at Stellenbosch University reported on Tuesday. They said the index decreased to 48. “Although just a small