South Africans' average take-home pay declined almost 5% in December, with signs that record load shedding and rampant inflation took its toll on households, Africa's largest automated clearing house BankservAfrica said on Wednesday.
Average South African takes home R14k per month – survey georgeherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from georgeherald.com Daily Mail and Mail on Sunday newspapers.
Average take-home pay in South Africa before and after lockdown mybroadband.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mybroadband.co.za Daily Mail and Mail on Sunday newspapers.
South African consumers are heavily over-indebted and likely to become more so, given that we are at the bottom of a rising interest rate cycle and salaries don’t appear to be keeping pace with inflation.