The FNB/BER Consumer Confidence Index sank to -25 in the second quarter of 2022 from -13 index in Q1. To put this in some perspective, the only time it has been lower than this in the past three decades was in Q2 2020, when it hit -33 in the face of the wrecking ball that was lockdown Level 5 in response to the outbreak of Covid.
Pointedly, consumer confidence fell among all income groups, so neither Mr Price nor Woolies will find any cheer from this data. “Although consumer sentiment was widely expected to weaken further given the worsening inflation and interest rate outlook, the extent of the drop in consumer confidence is alarming…
Blame Cyril Mr Photograph himself, he’s busy selling animals whilst the country is in a mess. Stashing cash 💰 in furniture just in case the meed to skip the country arises.But then again you cannot blame the protégé of Stellenbosch.
We haven't even recovered from the ridiculous COVID restrictions on businesses, looting and floods in KZN..Crymybelovedcountry VoetsekANC
PhalaPhalaFarmGate 😡
Low on disposable income because of: Fuel price. Electricity prices. Food prices up because of high fuel prices. Reserve Bank solution? Put up interest rates! How the hell does that help?
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Consumer confidence in South Africa drops to historic lows: indexDespite the lifting of almost all Covid restrictions and improved business sentiment, the FNB/BER Consumer Confidence Index (CCI) plunged to -25 in the second quarter of 2022, having already slipped from -9 to -13 index points during the first quarter of 2022. It has been low since 1994
Source: BusinessTechSA - 🏆 24. / 61 Read more »
Stage 6 load-shedding bad news for South Africa’s cellular networksVodacom and Telkom have warned that Eskom’s stage 6 load-shedding could cause outages on South Africa’s cellular networks.
Source: mybroadband - 🏆 11. / 67 Read more »
Going private is the way to end stage 6 load shedding in South Africa: business groupBusiness Unity SA (Busa) says that South Africa’s move to stage 6 load shedding will have a significant impact on all parts of the economy, but is ultimately unsurprising given the continued deterioration of Eskom over the last decade. With the compliments of MYANC CyrilRamaphosa PresidencyZA and De Ruyter, who is sitting in a warm house off the grid. anc will never allow it Eskom is their cash cow we’re will they steal money from if Eskom goes private
Source: BusinessTechSA - 🏆 24. / 61 Read more »
South Africa: What's Happening In South African News - June 28, 2022
Source: allafrica - 🏆 1. / 99 Read more »
South Africa: What's Happening In South African News - June 29, 2022
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Relief from Stage 6 rolling blackouts as Eskom reverts to Stage 4 on Thursday - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.South Africans will get a reprieve from Stage 6 rolling blackouts from Thursday. In the latest update on the current rolling blackouts, Eskom has announced that the blackouts will remain at Stage 4 throughout the day tomorrow. As abantu we're waiting for stage 0.🙏🏾 🛐 🥺 ❤️ So we suppose to celebrate? So many Bitcoin traders on Twitter are trickster BencyDanie thank you for opening my eyes to their ways now I’m pretty sure I’ll be able to help others
Source: SABCNews - 🏆 37. / 51 Read more »