South Africa consumer confidence slips as growth concerns weigh

South Africa's consumer confidence slipped deeper into negative territory in the fourth quarter of last year, highlighting households' concerns about the weak outlook for the economy, a survey showed on Thursday. The consumer confidence index, sponsored by First National Bank (FNB) and compiled by the Bureau for Economic Research, slumped to -10 in the fourth quarter after registering -3 in the third quarter. "The peaceful, free and fair completion of the municipal elections in early August, as