SA Consumer Wallet 2019 and IFRS 16 Impact on Retailers

Using our consumer wallet model, which we now base on Stats SA population data, we can quantify the extent of the pressure on households’ finances. Our analysis shows that consumers’ funds available for retail and discretionary spend may have reduced in 2018. Our forecast shows that the consumer wallet may recover in 2019. We quantify the potential additional assets and liabilities that will be recorded under IFRS 16.