By Staff Writer
For a country always in need of cheering up, last week’s news of better-than-expected economic growth was most welcome. StatsSA data showed that the economy grew by 4.6% after inflation in the first quarter on a seasonally adjusted and annualised basis.
By Janice Roberts
The SA Reserve Bank released its Quarterly Bulletin today, showing that personal finances deteriorated in Q1 2018. According to Nedbank’s Dennis Dykes and Johannes Khosa: There was almost no growth in real disposable income over the quarter, while household debt increased. The ratio of household debt to disposable income rose to 71,7% from 71,2%, and the...
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