S.A economic outlook

South African consumers are under financial pressure due to higher interest rates, mounting consumer price inflation, low growth in real wages and rising unemployment. A recent study by McKinsey showed that private consumption in the country has grown by only 1.6 per cent in the past year. Joining CNBC Africa to discuss the state of the economy and the outlook for consumers is John Loos, Household and Property Sector Strategist at FNB.