South Africa's economic conditions point to recession | Citypress

Since last year, consumer confidence among the high-income group was lower than those considered low-income earners. It slumped from -11 to -18 index points in the first quarter and crashed to -30 in the second quarter. Photo: Alfonso Nqunjana/News24Consumer confidence was at a 30-year low in the second quarter of this year.

This comes as a significant number of South African consumers struggle every day to put food on the table and meet their other immediate needs. Consumers face significant pressure from increases in the costs of food and fuel, resulting in a dramatic deterioration in consumer sentiment.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.

Hey, but at least Cyril has a letter

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Yes , countries will be in a deep recession,interest rate hike by the central banks will impede or limit growth and demand , resulting in loss of jobs , unemployment rate will go up ,

What do you mean!!!ever since the anc came to power we've been in severe recession

Sophie_Mokoena We are in a recession. Everything is way up. It's tough.

SARB and treasury are manufacturing recession to keep inflation down. It won't work. It'll just make things worse.

The called poorest of the poor won't notice. Their life's have been a recession all their lives.

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