Consumer confidence in South Africa rose to -12 in the fourth quarter of 2020 from -23 in the previous period, amid the further relaxation of coronavirus restrictions which allowed more businesses to reopen and more people to get back to work. Despite the improvement, it was the lowest reading for a Q4 quarter since 2015 and it was below the average of 2 since 1994. "The time-to-buy durable goods index recovered further in the fourth quarter, but the vast majority of consumers across all income groups still consider the present time as highly inappropriate to purchases big-ticket items", FNB Chief Economist Mamello Matikinca-Ngwenya said. Confidence rose the most among low-income households, which benefited from extended social-relief programs from the government. source: Bureau for Economic Research (BER)
Consumer Confidence in South Africa averaged -0.92 points from 1982 until 2020, reaching an all time high of 26 points in the first quarter of 2018 and a record low of -36 points in the second quarter of 1985. This page provides the latest reported value for - South Africa Consumer Confidence - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. South Africa Consumer Confidence - data, historical chart, forecasts and calendar of releases - was last updated on March of 2021.
Consumer Confidence in South Africa is expected to be -16.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Confidence in South Africa to stand at 10.00 in 12 months time. In the long-term, the South Africa Consumer Confidence is projected to trend around 7.00 points in 2021 and 9.00 points in 2022, according to our econometric models.