methodology and sampling… · powerpoint presentation author: olivia de barry created date:...
TRANSCRIPT
![Page 1: Methodology and Sampling… · PowerPoint Presentation Author: Olivia De Barry Created Date: 7/13/2020 4:21:13 PM](https://reader035.vdocuments.net/reader035/viewer/2022070911/5fb38d9d97ff54449b4edf38/html5/thumbnails/1.jpg)
![Page 2: Methodology and Sampling… · PowerPoint Presentation Author: Olivia De Barry Created Date: 7/13/2020 4:21:13 PM](https://reader035.vdocuments.net/reader035/viewer/2022070911/5fb38d9d97ff54449b4edf38/html5/thumbnails/2.jpg)
Methodology and Sampling…
Annual Survey Metro Working
South Africans
Saving & Investment
Behaviours & Attitudes
1 487 respondents Online survey
(7 main metros)
Personal Monthly
Income as at end
February 2020:R5k +
Weighted to the
working SA population
12 Edition. 15th measure.Fieldwork dates: 29 May – 23 June 2020
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2019…Words that come to mind when thinking
about the state of our country at the moment…
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2020…Words that come to mind when thinking
about the state of our country at the moment…
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Confidence in the SA economy…
56%
31%
37%
43% 44%
34%
2015 2016 2017 2018 2019 2020
“I feel confident about the South African economy” (% Strongly agree/Agree)
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Satisfaction with the way the
Government is handling the
COVID-19 situation
58%
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CONSUMERS’ CURRENT REALITY
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Satisfaction with financial situation…
6.5
5.9
6.4
6.16.3
5.3
2016 2018 20202015 2017 2019
Mean score out of 10
Previous lowest score in history of OMSIM was 5.9
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Income status…
Impact
Positive impact – I am earning more than before 5%
No impact as yet – I am earning the same as before 38%
Some negative impact – I am earning a bit less/have
taken a small salary reduction/reduced hours
26%
Significant negative impact – I am earning significantly
less/big salary or earnings reduction
23%
I have been retrenched/not earning at all from my
business/no income from work
8%
57%
“I am constantly worried about losing my job/income”: 66%
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Working status…
Impact
I go out to work as before 35%
I am now working from home (most or all of the
time)
32%
I continue to work from home as I did before 12%
I am still employed, but am not able to go out and work nor work from home
21%
Based on those employed at time of fieldwork
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Change in incomes…
Change
Personal Income as at end of February 2020
R5k – R9 999 R10k – R19 999 R20k – R39 999 R40k – R79 999 R80k+
Unchanged 38% 52% 55% 47% 59%
Up to 25% more 1% 5% 3% 5% 3%
25% + more 5% 3% 4% 5% 2%
Up to 25% less - 12% 11% 12% 11%
25% - 50% less 9% 9% 14% 11% 7%
50% - 75% less 41% 6% 9% 9% 9%
75% + less 6% 13% 4% 11% 9%
100% 100% 100% 100% 100%
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Financial situation worse than a year ago…
29%33%
31%
48%
0%
10%
20%
30%
40%
50%
60%
2017 2018 2019 2020
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If lost job, have funds to last for…
40%
15%
17%
27%
1 month or less 2 months 3 months More than 3 months
2019 2020
1 month or less 28% 40%
2 months 17% 15%
3 months 17% 17%
More than 3 months
38% 27%
Based on those employed at time of fieldwork
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State of finances…
2019 2020
• Dipped into savings to make ends meet 23% 52%
• Fallen behind on household bills 24% 37%
• Taken advantage of points/rewards accumulated on loyalty programmes
- 54%
• Have cashed in a savings/investment policy - 23%
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Level of financial stress…
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2018 2019 2020
14% 12% 8%
50% 50%34%
32% 33%
44%
4% 5%14%
No stress Low stress High stress Overwhelming stress
58% high/overwhelming
stress level
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Financial situation expectation over next 6 months…
39%45% 41%
53%
45%43% 47% 26%
16% 12% 12%21%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2017 2018 2019 2020
Improve Stay the same Get worse
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Have Education Policies…
36%
31%32%
30%
28%
26%
15%
20%
25%
30%
35%
40%
2015 2016 2017 2018 2019 2020
36%
31%32%
30%
28%
26%
Based on those with dependent children
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DEPENDENCY
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Other adult dependents (excluding spouse/partner)
35%38% 36%
39%
43%
52%
15
20
25
30
35
40
45
50
55
2015 2016 2017 2018 2019 2020
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The Old Mutual Sandwich Generation Indicator
27%
31%28%
31%34%
42%
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
2015 2016 2017 2018 2019 2020
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DEBT
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Personal Loans…
17%
24%
15% 15%
21%
43%
3%7% 6% 4%
5%
12%
7%
11%10% 9%
13%
19%
0
5
10
15
20
25
30
35
40
45
2015 2016 2017 2018 2019 2020
From Financial Institution From microlender From family/friends
Other Loans/Debt:
From employer 9%
Instalment Sale 45%
Overdraft 49%
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Loan repayment situation…
Fallen behind/no longer able to meet
• Personal loan from a financial institution 32%
• Personal loan from a microlender 34%
• Personal loan from a friend/family 39%
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Fallen behind on debt payments…
2019 2020
• Fallen behind on credit card payments 15% 28%
• Fallen behind on store card/account payments 32% 30%
• Fallen behind on rent or home loan payments 7% 26%
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Debt relief…
Credit Card 29%
Store card/account 22%
Personal loan from a financial
institution
38%
Personal loan from a microlender 40%
Personal loan from a friend/family 41%
Home Loan 35%
Yes No Pending
57% 23% 20%
43% 29% 28%
53% 26% 21%
61% 26% 14%
59% 26% 15%
63% 18% 19%
Have explored or applied for a payment holiday/restructure or debit relief
Have you succeeded in getting it?
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INFORMAL SAVINGS
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Informal Savings…
54% 55% 57%60% 61%
67%
43%38% 38%
44% 44%
34%
24% 22% 22% 19%23%
38%
6%
17%12%
16% 15%
40%
0
10
20
30
40
50
60
70
80
2015 2016 2017 2018 2019 2020
Informal Savings Stokvels Burial Societies Grocery Schemes
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Stokvels…
R965
R981
R950
R984
R856
R1087
0 200 400 600 800 1000 1200
2015
2016
2017
2018
2019
2020
We are still holding our stokvelmeetings face-to-face 22%
We are meeting online now(Whatsapp, Zoom, Stokfella, Teams) 78%
Average Monthly ContributionMeetings
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POST COVID BUYING
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Post Covid – changes to buying behavior…
Essential spendFood and groceries, transport, education,
accommodation, assistance payments,
medical aid, cellphone/data costs, car &
HH insurance
Essential Costs
Priority “luxuries”
Cigarettes, alcoholic beverages,
DSTV/Mnet subscriptions, other online
TV/movie/music streaming services (eg.
Netflix, Spotify, Amazon Prime, Disney,
etc.), E-Hailing services (Uber, Taxify, etc.)
As needed
Hair/Beauty, domestic worker/gardener,
Nanny/child minder at home, pre-
school/after care services, home
improvements/maintenance, online
shopping for food, clothing, shoes
electronics and appliances
Nice to haveNice to haveHoliday and travel, Eating out/going out,
take-aways, having friends
around/entertaining at home
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Main concerns about the pandemic…
The health of my loved ones and immediate
family/loved ones falling ill or worse
My own health/falling ill myself or worse
Impact on the economy
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Potential positives about the pandemic…
Respect and appreciation for essential workers
Appreciation of shared humanity/Ubuntu/empathy
Improved public health services
Better work/life balance
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Thank you