Business Day TV spoke to Mamello Matikinca-Ngwenya, chief economist at FNB June 23, 2026 at 8:01 pmFNB chief economist Mamello Matikinca-Ngwenya. (, supplied) South African consumer confidence fell sharply in the second quarter. The FNB/BER consumer confidence index declined to -19 from -7, as the fallout from the Iran conflict drove up fuel prices and strained household budgets. Business Day TV spoke to FNB chief economist Mamello Matikinca-Ngwenya about the impact on spending, inflation and the outlook for consumers.Business DayWould you like to comment on this article?Sign up (it's quick and free) or sign in now.Please read our Comment Policy before commenting.