The FNB/BER Consumer Confidence Index for South Africa came in at -10 in Q2 2025, rebounding from a near two-year low of -20 in the previous three-month period. While the index is still well below the historical average of -1, the latest reading suggests a modest easing in consumer pessimism. All three sub-indices of the CCI recovered some lost ground during Q2, with the economic outlook sub-index rebounding from -32 to -18, supported by the cancellation of planned tax hikes and the resolution of the coalition’s budget impasse. The household finances sub-index improved from -1 to 9, while the sub-index measuring the appropriateness of the present time to buy durable goods rebounded from -28 to -21.