Report reveals most respondents are financially confident and have fewer credit products
” The FCI tracks how South Africans feel about and manage their finances across three dimensions: Financial Self-determination, which measures goal-setting and financial behaviours; Financial Resilience, which looks at people’s ability to withstand financial setbacks; and Financial Wellbeing, which assesses the emotional side of money, including stress, security and confidence about the future.
The 2026 Sanlam Financial Confidence Index (FCI) found that fewer respondents currently have several major credit products than a year ago, highlighting a notable shift in South Africans’ reported credit use.
Lee Hancox, head of channel and segment marketing at Sanlam, noted that the findings do not reveal what is driving the decline in credit products; however, they suggest that access to credit is not a major contributor to how respondents define financial confidence.
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