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2026-09-17 16:24:10
[South African Consumer Confidence Rebounds to -13 in Q3, But Expected to Remain Weak] ⑴ South African consumer confidence rebounded somewhat in the third quarter, but is expected to remain weak due to soaring oil prices and high interest rates squeezing household finances. ⑵ Data from First National Bank (a subsidiary of First Rand Bank) and the Bureau of Economic Research shows that the consumer confidence index rose to -13 in the third quarter from -19 in the previous quarter. ⑶ The bank notes that confidence among high-income groups remains low. ⑷ With the holiday season approaching, consumers are likely to continue to be frugal, prioritizing essential purchases and reducing non-essential spending.
