By SAPA
Bankserv Africa’s Disposable Salary Index (BDSI) released on Friday indicated that the increase in disposable income would again be slower than inflation this year.
Although South African consumers had some financial relief over December as their take-home pay was higher… indications are that the increase in disposable income will once again be slower than inflation for the rest of the year,” BankservAfrica regulated products CEO Brad Gillis said in a statement.
“This simply means higher prices, with less money to pay the bills –most certainly unwelcome news, especially for 70% of the workforce who take home less than R12,000 per month.”
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