Consumer confidence
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.
Statistics South Africa released a report on Wednesday, showing an increase in retail sales which boded well for economic growth.
The consumer confidence index rose to 5 in the second quarter from 2 in the first quarter of 2019.
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.
Matthew Kofi Ocran says it would be better for South Africa to enter an IMF programme early before the situation becomes frantic.
Monday's Sars trade statistics reveal exports exceeded imports by R10.6 billion last month.
South Africa’s consumer confidence has been subdued for the longest streak since the early 1980s.
In March alone, spending dropped 0.7% compared with the previous month, after being flat in February.
XpertHR’s figures follow official data on Tuesday that showed a stronger rise in inflation than expected.
The deputy minister spoke at the 2016 Association of Black Securities & Investment Professionals Conference.
A report by Deloitte has revealed more South Africans will opt to buy food due to the tough economic times.
The index improved by one point in the first quarter of 2014 but remains near a decade low of -8.