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AFHRI Q4 2024

How financially fit is SA right now?

Bills rising? Interest rates biting? Discover how prepared South African households really are to ride out the next wave of financial challenges.

Value Promise

Inside the brand-new Altron FinTech Household Resilience Index (Q4 2024) you’ll find:

Debt-coping capacity – see exactly who’s at risk and who’s resilient.
20 inflation-proof indicators distilled into one clear score.
Fresh quarterly insights you can act on today – for lending policy, investment strategy, or personal budgeting.

Join thousands of decision-makers already using the AFHRI to steer lending, policy, and personal-finance strategies.

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The Downside	The Upside
Hidden strain behind the headline growth – strip out once-off pension withdrawals and Q4 growth slows to just 1.4 % YoY and 1.2 % QoQ.	Private-sector jobs bounce back – employment now higher than pre-COVID and above 2014 levels.
Debt servicing weighs heavily – households are sacrificing ever-larger slices of income to interest after three years of tight monetary policy.	Real take-home pay improves – private-sector salaries and disposable income rose on both a quarterly and annual basis.
Retirement withdrawals surge – the new two-pot system inflated lump-sum payouts and life-policy surrenders, masking underlying pressure.	Household wealth ratio climbs – stronger JSE valuations boost collateral and non-salary income potential.

What you’ll learn in the full report

Why the headline AFHRI score rose for the third straight quarter – and why that doesn’t tell the whole story.

How high rates are still throttling credit extension and household consumption – and what to watch if the SARB pivots in 2025.

Sector-by-sector stress tests: which income bands, regions and age groups show early warning signs.

Action points for lenders, insurers and retailers keen to calibrate risk models before the next economic shock.

Expert commentary from economist Dr Roelof Botha on the global rate cycle, South Africa’s policy options, and growth prospects.

Who uses the AFHRI?

If your decisions touch South African households, AFHRI is your early-warning radar.

Credit & risk teams fine-tune scorecards to protect margins.
Policy makers & regulators gauge household vulnerability before setting interventions.
Investors & wealth advisers benchmark macro trends against portfolio positioning.
Media & academics track the pulse of the consumer economy.