Afrique du Sud Confiance Des Consommateurs

The FNB/BER Consumer Confidence Index for South Africa edged down to -6 in the last quarter of 2024 from -5 in the third quarter which was the highest since the first half of 2019. Despite the decrease in consumer morale, festive season retail sales are still likely to be jolly. "A string of favorable developments has seen consumer confidence riding much higher since the second quarter of 2024, including the formation of a government of national unity, the termination of load-shedding, a substantial deceleration in inflation, two interest rate cuts and the implementation of the two-pot retirement system", said FNB Chief Economist Mamello Matikinca-Ngwenya.