South African Q3 consumer confidence recovers from a 14-1/2 year low

The index registered -5 in the third quarter from -15 in the second quarter, the First National Bank (FNB) and the Bureau for Economic Research who compiled the report said. "The rebound in consumer sentiment in 3Q 2015 can probably be ascribed to, among other things, the roughly R1,20 per litre drop in petrol and paraffin prices since July and the recent respite in load-shedding," said Sizwe Nxedlana, chief economist at First National Bank. Earlier this year, South Africa suffered from almost d