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BankservAfrica index: Christmas relief short-lived – expect a tight 2014
Although South African consumers had some financial relief over December as their take-home pay was higher than a year ago, indications are that the increase in disposable income will once again be slower than inflation for the rest of the year. This is according to the latest BankservAfrica Disposable Salary Index (BDSI).
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 mo ...