
South Africa’s Two-Pot System Boosts Consumer Confidence
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South Africa’s consumer sentiment edged higher for a second consecutive quarter, with the FNB/BER Consumer Confidence Index rising from –9 to –7 in the first quarter of 2026. FNB Chief Economist Mamello Matikinca‑Ngwenya joins us to unpack what this means for consumers, retailers, and the broader economy.

