Consumer confidence plummets to three decade low

Consumer sentiment is at an almost 30 year low in SA. This is the focus in this edition of the Business Day Spotlight.

Our host Mudiwa Gavaza is joined by Mamello Matikinca-Ngwenya, FNB’s chief economist to discuss the results of their consumer confidence index (CCI), undertaken in collaboration with the Bureau for Economic Research.

Topics of discussion include: how the CCI is determined; results and findings of the latest study; impact of inflation on consumer confidence; pressures on different income groups in SA; ways in which government and private sector players can help ease the pressure on consumers and an outlook for the rest of the year.