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).

The Money Show’s Bruce Whitfield interviewed economist Mike Schüssler.

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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