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.

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South Africa Consumer Confidence

Actual Previous Highest Lowest Dates Unit Frequency
-12.00 -23.00 26.00 -36.00 1982 - 2020 points Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2020-03-16 09:10 AM Q1 -9 -7 -6
2020-07-07 08:00 AM Q2 -33 -9 -15
2020-09-07 08:00 AM Q3 -23 -33 -12
2020-12-14 08:00 AM Q4 -12 -23 -16
2021-03-16 09:10 AM Q1 -12 23
2021-07-07 08:00 AM Q2 18
2021-09-07 08:00 AM Q3 10
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
South Africa Consumer Confidence Recovers Further in Q4
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.
2020-12-14
South Africa Consumer Confidence Improves Slightly
Consumer confidence in South Africa rose to -23 in the third quarter of 2020 after hitting a 35-year low of -33 in the prior period, amid the gradual lifting of lockdown restrictions and the resumption of economic activity which allowed most of the businesses to reopen. Main improvements were seen in the financial outlook of households and the purchases of durable goods. Still, the subindex gauging the economic outlook deteriorated to an almost four-year low.
2020-09-07
South Africa Consumer Confidence Plummets to 35-Year Low
Consumer confidence in South Africa plunged to -33 in the second quarter of 2020 from -9 in the prior period, reflecting the impact of movement restrictions imposed by a nationwide lockdown to curb the spread of the novel coronavirus which started to be lifted during May. Declines were seen in the economic outlook index (-21 from -16 in Q1) and household financial outlook (-13 from 14). Also, the sub-index measuring the appropriate time to buy durable goods plunged to a record low (-64). That was the lowest reading since the second quarter of 1985 when the country faced a partial state of emergency due to violent resistance against apartheid.
2020-07-07
South Africa Consumer Confidence at 2-1/2-Year Low
Consumer Confidence in South Africa decreased to -9 in the first quarter of 2020 from -7 in the previous period. This was the lowest reading since the second quarter of 2017, amid growing concerns over the impact of the coronavirus epidemic on the already struggling domestic economy. In particular, the time-to-buy sub-index plunged to a 33-year low, signalling that households will delay the purchase of durable goods.
2020-03-16

South Africa Consumer Confidence
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.