The first quarter Altron FinTech Household Resilience Index (AFHRI) is in “stable territory” with a consistent improvement in the disposable income of South African households and their ability to pay back debt. However, while the ratio of household income to debt costs has improved considerably since 2019, a negative reading has been recorded since the fourth quarter of last year, and increasing interest rates could weigh on the AFHRI for the rest of the year.
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