If consumer confidence continues to dwindle, the South African economy will grind to a halt, according to the SA Institute of Race Relations (IRR). An IRR report highlights consumer behaviour and spending power, and how much the South African economy depends on consumption expenditure. The report found that because consumers are under growing economic pressure, the economic outlook was even worse. Consumer spending plays a pivotal role in the economy, with household consumption expenditure … [Read more...] about The one thing that could make SA’s economy grind to a halt
consumer confidence
Little indication of rising consumer financial stress
John Loos, Household and Property Sector Strategist for FNB Home Loans says; "Some of us were rather horrified by the 2nd quarter Consumer Confidence Index reading of -15, the lowest level in this index since the 4th quarter of the year 2000, and representing a significant drop from the prior quarter's reading . The magnitude of the drop could lead some to believe that the consumer currently experiences huge financial stress, and that a "crisis" is in the making. That's not necessarily the case, … [Read more...] about Little indication of rising consumer financial stress
