Russian invasion of Ukraine knocks confidence among SA consumers
Consumer spending power has been squeezed by Russia’s war, fuel price increases and the MPC’s January rate hike
17 March 2022 - 13:38
UPDATED 17 March 2022 - 19:15
Confidence among SA consumers deteriorated in the first quarter, reaching its lowest level since the middle of 2021 when the country was grappling with the Delta variant and lockdowns, and as Russia’s war with Ukraine triggered new concerns about inflation and the outlook for growth.
An index by FNB and the Bureau for Economic Research (FNB/BER) at the University of Stellenbosch declined to -13 from -9 in the last three months of 2021, a worsening of sentiment that has come despite a stabilisation in Covid-19 cases and a further opening of the economy...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.