Consumer confidence slumps to lowest level in almost a year
FNB/BER data shows how deepening power and cost-of-living crises affect the economy
23 March 2023 - 11:19
SA consumer confidence plunged to its lowest level in about a year in the first quarter of 2023, the FNB/Bureau for Economic Research (BER) survey showed on Thursday.
The figures show the effect of the deepening power and cost-of-living crises on the economy, and raise questions as to whether the Reserve Bank has scope to hike interest rates further in this scenario...
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