Consumer confidence recovered further in the third quarter to its best since 2019.
Browsing: Mamello Matikinca-Ngwenya
The is ongoing concern over South Africa’s economic outlook, with consumer confidence plunging to a 20-year low.
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.
South African consumer confidence fell to a 35-year low in the second quarter, when restrictions aimed at curbing the spread of the coronavirus pandemic kept all but essential workers at home.