Household wealth shrinks R1.23-trillion in the second quarter, index shows
South Africans have become far more risk averse, contributing to a 10% drop in the value of financial assets
21 August 2022 - 17:50
SA household wealth decreased in the second quarter of the year after a fall in financial assets, triggered by fears of an economic recession in big economies, the latest Momentum-Unisa household wealth index reads.
According to the index, SA household wealth decreased by an estimated R1.23-trillion to R15.75-trillion in the second quarter from R16.98-trillion in the first quarter...
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