Independent Economist Is Concerned About The Rising Cost Of Living
Written by Mduduzi Phungula on 27 January, 2023
By: Staff Writer
Independent Economist, Elize Kruger, says the rising cost of living in South Africa is concerning.
The average take-home pay in South Africa fell by up to 5% last month.
According to the BankServe Take-Home Index, many companies held back on salary increases.
Kruger says the companies were hard hit by the rising cost of living, higher interest rates, as well as load-shedding.
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