Consumers want certainty about their income prospects from Finance minister Tito Mboweni’s budget speech on Wednesday (24 February) – including the minimum wage and personal income tax rates, says professional services firm PwC.
The firm noted that the BER/FNB Consumer Confidence Index jumped from a reading of -23 in the third quarter of 2020 to -12 in the fourth quarter.
“However, this was still below the long-term average of -2, and the lowest festive season reading in five years. Overall consumer sentiment was net negative, indicating that consumers are concerned about the future,” it said.PwC said that key information – such […]
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