Banele Ginindza banele.ginindza@inl.co.za CONSUMERS saw an improvement in their financial position in the first quarter of this year, largely because of the recovery in income generation among middle- and higher-income earners.
The latest Momentum-Unisa Consumer Financial Vulnerability Index (CFVI), released yesterday, improved from a low of 35.4 points in the second quarter of last year to 49.7 points, up from 47.5 points in the fourth quarter of last year.
The CFVI is compiled from the views of key informants, including researchers, bankers, insurers, retailers, government, economists and analysts who deal with consumers daily.
The main drivers of the improvement in financial stability, the CFVI noted, included a decline income vulnerability as consumers retained or obtained employment, lower levels of expenditure vulnerability, a decline in savings vulnerability as…