Shift for consumers in South Africa – but there’s a catch

[BusinessTech]

Shift for consumers in South Africa – but there’s a catch

Economic activity ticked up for South Africa over December - but don't expect it to last.

 

[rvZA]

Well, it was a holiday season, Christmas and all the likes. Under a good economy, consumer spending should have risen by at least 45%, which it failed to do. The economy is in serious trouble and at big risk of collapsing.

 

[3WA]

The economy is in serious trouble and at big risk of collapsing.

Hasn't it already collapsed?

 

[rvZA]

Hasn't it already collapsed?

It has, hence the reason for the poor growth/increase over this specific period of time. You will also see the results of this in company earning during 2024.