JOHANNESBURG - A sharp rise in fuel prices has dealt a major blow to South African consumer confidence.
The latest Bureau for Economic Research - First National Bank Consumer Confidence Index has plunged to minus-19 in the second quarter of 2026.
This is the lowest level in more than a year.
The biggest drag came from soaring fuel prices after conflict in the Middle East disrupted global oil markets.
High-income earners were hit hardest, as rising petrol prices and higher borrowing costs squeezed household budgets.
Economists warn weaker consumer confidence could translate into slower spending growth.