Take-home pay in South Africa is, on average, declining (recession time again?)
Take-home pay declined significantly in May, according to the BankservAfrica Take-home Pay Index (BTPI).
Private pensions, however, increased in May for the 15th month in a row, according to the BankservAfrica Private Pensions Index (BPPI).
Listen to the interview in the audio below (and/or scroll down for quotes from it).
The average person in May was taking 1.3% less home than a year ago, after inflation.Mike Schüssler
Yes [when asked if there’s a risk of recession]… everything is under pressure. There’s a very good change we’ll be going into recession…Mike Schüssler
I am very concerned about our economy… Things are not looking that bright… it will be the fifth year in a row [of having a GDP growth rate lower than the population growth rate]…Mike Schüssler
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