Key takeaways:

  • Consumer expenditure is a key driver of South Arica’s economy.
  • Consumer confidence dropped to a record low in June 2020.
  • South Africans are highly indebted and struggling to service their debt.
  • Credit granted has dipped since February, a reflection of the diminished ability to borrow and heightened consumer cautiousness.
  • Online purchases have surged since the beginning of the national lockdown.
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