Consumer confidence index
SA consumer confidence crashes to 35-year low in second quarter - survey
The consumer confidence index (CCI) slumped to minus 33 points in the quarter after registering minus 9 points in the first quarter.
The consumer confidence index, sponsored by First National Bank (FNB) and compiled by the Bureau for Economic Research, fell to +2 in the first quarter from +7 in the final quarter of 2018.
Consumer confidence surged across all income and population groups in the period, the survey showed.
But on the other hand, Sarb Governor Lesetja Kganyago says business confidence needs to improve.
This has been attributed, in part, to the credit rating downgrades and the recession.