Jobs growth and record exports have helped buoy SA's economy, despite a series of shocks, including load shedding and flooding in KwaZulu-Natal.
The Altron Fintech Household Financial Resilience Index , compiled by economist Roelof Botha, rose 0.6% to 109.9 points in the third quarter of 2022, still down 0.2% year-on-year, but with encouraging signs from both employment figures, and in terms of disposable income. The index figure means that SA's household finances were almost 10% more healthy than the first quarter of 2014, which is used as a benchmark.
"People tend to forget the April floods in KwaZulu-Natal. It was one of the ten worst natural disasters in the world in 2022 ... dozens, hundreds of factories [were] closed for a couple of days, some for a couple of weeks. The Afhri, developed by Altron Fintech and which uses 20 indicators, is one of two indices looking at activity in the short-term credit industry. The second was developed by economist Keith Lockwood from the Gordon Institute of Business Science, with that survey measuring the pace of short-term credit extension and its effects on SA's economy.
The numbers are fudged & skewed. It does not reflect what's happening on the ground. You can only spin this resilient story so far! This economy is destroyed forever by black power forever at each others throats! Amandla!
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