The third quarter Altron FinTech Household Resilience Index (AFHRI) has bounced back to a level of 109.8, marginally lower than the level of 109.9 recorded in the first quarter of 2022 but 0.6% higher than the second quarter reading, returning to the same level as the comparable pre-Covid-19 third quarter of 2019. “Since the launch of the AFHRI, the financial resilience of South African households has increased by 9.8% in real terms. The index has fully recovered from the downturn experienced during the Covid-19 pandemic,” says Altron FinTech commissioned economist and Optimum Investment Group economic advisor Dr Roelof Botha.
