The FNB/BER Consumer Confidence Index for South Africa increased to -9 in the fourth quarter of 2025, reaching a one-year high, from -13 in the previous quarter. The most notable improvement occurred in durable goods sentiment, rising to -14 from -20, achieving its highest level in six years. FNB chief economist Mamello Matikinca-Ngwenya noted, "Beyond the recent interest rate cut and the appreciation of the rand, several other positive factors likely enhanced consumer sentiment towards the year's end."