Fuel shock sends consumer confidence tumbling to lowest level since VAT crisis

Bongani Bingwa speaks to Mamello Matikinca-Ngwenya, chief economist at FNB, about the sharp decline in consumer confidence as rising fuel prices place additional pressure on household budgets. The conversation explores how higher transport and living costs are influencing spending patterns, debt management and long-term consumer behaviour, and what the trend signals for the broader South African economy. 702 Breakfast with Bongani Bingwa is broadcast on 702, a Johannesburg-based talk radio station.   Bongani makes sense of the news, interviews the key newsmakers of the day, and holds those in power to account on your behalf. The team brings you all you need to know to start your day  Thank you for listening. Listen live on Primedia+ weekdays from 6 am to 9 am (SA Time) https://buff.ly/gk3y0Kj  For more from the show and catch-up podcasts, visit Primedia+ here https://buff.ly/zEcM35T  Subscribe to the 702 Daily and Weekly Newsletters https://buff.ly/v5mfetc  Let’s keep the conversation going online:  702 on Facebook: https://www.facebook.com/TalkRadio702    702 on TikTok: https://www.tiktok.com/@talkradio702  702 on Instagram: https://www.instagram.com/talkradio702/  702 on X: https://x.com/Radio702  702 on YouTube: https://www.youtube.com/@radio702  See omnystudio.com/listener for privacy information.