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South Africa’s consumer confidence rose to -9 in Q4 2025, its highest level of the year, fueled by rate cuts, a stronger rand, job growth, and lower inflation.
South Africa’s consumer confidence rose to -9 in the fourth quarter of 2025, up from -13, marking its highest level of the year, according to a survey by the Bureau for Economic Research and First National Bank.
The improvement, driven by holiday spending optimism, reflected gains in economic outlook, household finances, and willingness to buy durable goods.
Factors cited include recent interest rate cuts, a stronger rand, lower petrol prices, slowing food inflation, a 248,000-job increase, and a credit rating upgrade to BB from BB− by S&P Global.
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La confianza de los consumidores de Sudáfrica subió a -9 en el cuarto trimestre de 2025, su nivel más alto del año, impulsada por recortes de tasas, un rand más fuerte, crecimiento del empleo y una inflación más baja.