South Africa's consumer confidence drops to -6, influenced by economic pressures, yet festive sales outlook remains robust.

South Africa's consumer confidence, measured by the Consumer Confidence Index (CCI), declined to -6 in the fourth quarter, down from -5 in the previous quarter, according to a report by the Bureau for Economic Research (BER) and First National Bank (FNB). Factors like a weaker rand, higher fuel prices, and global trade uncertainties contributed to the dip. Despite this, the report projects strong festive season retail sales, boosted by lower inflation and interest rate cuts.

3 months ago
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