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”...

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.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.