BUSINESS DAY TV: Consumers feeling more stressed than they did last year
Rowan Burger, client strategist at MMI, talks about finding from the MMI Unisa financial vulnerability index
Rowan Burger is client strategist at MMI BUSINESS DAY TV: South African consumers are feeling more stressed than they did last year and the outlook for near-term improvement is rather bleak. The latest MMI Unisa consumer financial vulnerability index points to debt service weakness as being close to dangerous levels. In studio now to talk about the index finding is Rowan Burger of MMI. Rowan, welcome. Firstly, what does the index actually measure? What does it cover? ROWAN BURGER: What we look to do is try and understand our consumers. We do a lot of work with Unisa to understand the current balance sheet position. This financial vulnerability index is trying to gauge how they feel, so it’s almost a forward-looking index. It’s giving us a perspective view on how people are feeling about their financial position. BDTV: And rather unsurprisingly it declined in quarter one from quarter four last year? RB: Yes, it did. The key drivers for that, surprisingly, were unemployment. A lot of ...
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