Fitch holds a negative view for SA consumer outlook in 2023
The weakening of the rand against the US dollar, electricity shortages over the year and high unemployment will feed into a bleak level of consumer confidence
21 December 2022 - 15:51
Fitch Solutions has warned that economic and social challenges will continue to weigh on SA consumer confidence in 2023 and says it continues to hold a “negative view” for the consumer outlook in SA over the following year.
In a research note, the ratings agency said the weakening of the rand against the US dollar, continued electricity shortages over the year and high unemployment will feed into a bleak level of consumer confidence — “with likely spurts of social unrest”...
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