The Altron Fintech Household Resilience Index shows that the average household in SA enjoyed a more advantageous disposition towards incurring and managing debt than before the pandemic. Stock image.The government should be commended for not having a knee-jerk reaction after the detection of a new Covid-19 variant last week, which led to some countries imposing travel bans against SA and other Southern African countries.
The index showed consistent improvement in the ratio of household income to debt costs, with an improvement of 20% over the past two years. Responding to a question on what he expected the impact to be on the resilience index as the tourism and the hospitality sector had lost more than R1bn since recenthad been enforced, Gellatly said the government had obtained sound advice on how to react to this new variant.
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