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A man smiles while looking at a woman and the woman is laughing with her eyes closed. They’re surrounded by red flowers.

MACRO ENVIRONMENT

The macro
environment in 2019

The Momentum Unisa Household Financial Wellness Insights
2019 report (pdf)
explained that factors in the macro environment that can impact households and businesses are events like the Covid-19 pandemic, the US election, load shedding, corruption or Brexit to name but a few.

The markets may be volatile but you still have to take stock of your financial success. We have no control over global events, yet they have shaped our point of view. Now it’s time to get a fresh perspective, especially on our finances.


Momentum Unisa logo

Did you know?

  • Only 28% of the South African population are employed.
  • 70% of SMEs experienced a drop in revenue, forcing them to change course by adapting or facing permanent closure.
  • The bail out of state-owned enterprises and other government plans are expensive.
  • Below inflation salary increases makes saving more difficult.

Household insights from the latest report

The SA economy was in deep trouble before Covid-19 and the lockdown. Ten years ago, just after the previous crisis, The Great Recession, the government projected that the economy would recover by 2012. It never happened - rather, an economic environment developed that prevented households and companies from flourishing.

Only 27.8% of the population has a job, only 13% earn enough to pay personal income tax and a tiny 0.5% earned a taxable income of more than R1 million a year. In contrast 19.2% are beneficiaries of social grants and 17.4% are unemployed.

Due to the slow growth in the size of the South African market, many SA companies decided to search for growth opportunities abroad, creating jobs in those countries. Simultaneously, SA started to import more goods and services (instead of producing ourselves), also creating jobs in other countries.


Tips from our research respondents

  • "Prepare financially, physically and emotionally for the event."
  • "Put more savings away every month. Make sure I have more than one income stream."
  • "Don't spend more than you earn because it takes ages to pay off the overdraft or credit card bill."

JOIN THE CONVERSATION TO SEE THE BIGGER PICTURE

#SuccessIsAScience

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Explore more Momentum Unisa Household Financial Wellness Insights


A man and a women wearing masks during Covid-19 pandemic.

Covid-19 impact

Showcasing how households’ mindsets have been impacted by Covid-19 and lockdown.

A young lady glancing over her shoulder and smiling. She is wearing a red barret

Women

Demonstrating a women’s financial reality in South Africa during 2020.

A stack of books with a  pair of reading glasses on top.

Our behaviour

With financial knowledge, we are empowered to take action to reach our goals.

Looking for a new approach to smart money management?

There’s a science to success and with the right financial knowledge and professional financial advice - you can turn your life around.

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