Consumer confidence up ahead of festive season
South African consumer confidence hit its highest festive season level since 2019.
This is despite a slight dip in December's index to -6 from -5 the previous quarter.
It's a significant improvement from minus 17 a year ago.
Confidence among high-income earners rose, while it declined for middle-income groups.
READ: eThekwini aiming to open all beaches for festive season
Key factors behind the upbeat mood include lower inflation, the end of power cuts, and the national unity government.
However, concerns about the economy and the weakening rand slightly dampened optimism.
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