Consumers may be spending less over the upcoming festive period and on popular shopping days, such as Black Friday, according to the latest edition of the Altron FinTech Household Resilience Index (AFHRI), as interest rates continue to squeeze household finances.

“Christmas may also be bleak for retailers across the board, with households now very clearly under severe strain, especially those in the lower income brackets,” Altron FinTech MD Johan Gellatly said on Thursday in the latest edition, which covered the second quarter of 2023...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.