South Africa Consumer Confidence

Last Release

Mar 31, 2025

Actual

-20

Units In

Points

-6

Frequency

Quarterly

Next Release

Jun 27, 2025

Time to Release

3 Months 0 Days 7 Hours

Highest	Lowest	Average	Date Range	Source
26 Mar 2018	-36 Jun 1985	-2.26 Points	1982-2025	Bureau for Economic Research (BER)

In South Africa, the BER Consumer Confidence Index covers 2,500 households in metropolitan areas, cities, towns and villages. The survey is made from personal at-home interviews and assesses general economic outlook, household’s economic condition and major spending purposes. The index is computed as the difference between the share of respondents expecting an improvement from the percentage expecting a deterioration. The indicator varies on a scale of -100 to 100; a value of -100 indicates extreme lack of confidence, 0 neutrality and 100 extreme confidence.

Latest Updates

The FNB/BER Consumer Confidence Index for South Africa plunged to -20 in the first quarter of 2025, the lowest point since Q2 2023, down from -6 in the previous period. This marked the second consecutive quarter of declining sentiment, as consumers were shaken by the recent budget proposal to increase the VAT tax rate. The worsening diplomatic relations between South Africa and the US, and the negative consequences of the trade war started by President Trump also weighed on sentiment. All the sub-indices declined notably during the first quarter, with the economic outlook sub-index dropping to -32 points from -9 points. The household finances sub-index also slumped from 11 to -1. The sub-index measuring the appropriateness of the present time to buy durable goods declined from -21 to -28.