Lowest consumer confidence levels recorded since 2004

By Khanyisa Tabata
28 January 2010

The findings of the MasterCard Worldwide Index of Consumer Confidence for South Africa point to the lowest consumer confidence levels recorded since 2004.

The index this month fell to just under 60-points, down from almost 79 a year ago.

The survey also shows that Johannesburg has ousted Durban as South Africa's most confident city. Cape Town experienced a decline of almost 10 points.


Meanwhile, South African business owners have for four consecutive years been most concerned about the lack of an available skilled workforce.

Grant Thornton’s 2010 International Business Report found that South Africa concurred with the global trend that overregulation and red tape was the second biggest restriction to business expansion.