Consumer confidence plummeted to its second-lowest reading since 1994, a level indicative of the concern among consumers about the country’s economic prospects and their household finances.

Reports show that household finances have been under severe pressure since the year began due to slower growth in disposable income, with the purchasing power of disposable income hurt by worsening electricity outages which hurt prospects of further employment growth for the remainder of the year...

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.