Van Tonder says many of the findings and the experience of going through lockdowns to prevent the spread of Covid-19 has highlighted the growing disparity between rich and poor in the economy.
The discussion focuses on the results of the latest CFVI released by Momentum and Unisa; key findings from the report; factors driving the economic standing of consumers; psychological factors affecting consumers; and an outlook for the economy going forward.
Engage on Twitter at #BDSpotlight
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• Business Day Spotlight is a MultimediaLIVE production.
Business Day Spotlight
PODCAST | The latest Consumer Financial Vulnerability Index indicates that SA's consumers are in a dire situation
Mudiwa Gavaza is joined by Johann van Tonder to discuss the latest Consumer Financial Vulnerability Index
In this edition of the Business Day Spotlight, we talk about the vulnerability of consumers in SA.
Our host Mudiwa Gavaza is joined by Johann van Tonder, an economist and researcher from Momentum. Van Tonder talks about the Consumer Financial Vulnerability Index (CFVI) from Momentum and Unisa, the results of which were recently released for the second quarter of 2021.
Join the discussion:
Studied and updated each quarter since 2009, he says the CFVI uses a number of data points to assess how consumers are faring.
Van Tonder says this past quarter’s report highlighted a few key observations:
The main reasons behind many of these findings include: income vulnerability has increased; there are now higher levels of people not having enough funds to meet their expenditure needs; the rate of savings for those who can has decreased; and a reduced ability for people to service their debt.
Van Tonder says many of the findings and the experience of going through lockdowns to prevent the spread of Covid-19 has highlighted the growing disparity between rich and poor in the economy.
The discussion focuses on the results of the latest CFVI released by Momentum and Unisa; key findings from the report; factors driving the economic standing of consumers; psychological factors affecting consumers; and an outlook for the economy going forward.
Engage on Twitter at #BDSpotlight
Subscribe: iono.fm | Spotify | Apple Podcasts | Pocket Casts | Player.fm
• Business Day Spotlight is a MultimediaLIVE production.
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