US EditionAFHRI recovers on the back of marginally lower interest rates
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AFHRI recovers on the back of marginally lower interest rates
The results of the Altron FinTech Household Resilience Index (AFHRI) for the fourth quarter of 2024 have been released, confirming a modest improvement in the financial position of South African households – mainly due to three cuts of 25 basis points each in the repo rate between September 2024 and January 2025. This led to the lowering of the prime overdraft rate to 11% from a record high of 11,75%. But according to economist Dr Roelof Botha, …
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