Households under pressure

South African consumers are under financial pressure due to higher interest rates, mounting consumer price inflation, low growth in real wages and rising unemployment.

A recent study by McKinsey showed that private consumption in the country has grown by only 1.6% in the past year.

finweek: Money Matters is a weekly programme aired every Friday 13:00 CAT on CNBC Africa (Channel 410). The programme focuses on trends, investment analysis and economic debates.


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I'm not really directly affected
18% - 1827 votes
I am taking a hit, but should be able to recover in the next year
23% - 2392 votes
My finances have been devastated
34% - 3565 votes
It's still too early to know what the full effect will be
25% - 2561 votes
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