Disposable income of households accelerates

2010-06-24 13:47

The real disposable income of households accelerated from an

annualised rate of 2.3% in the fourth quarter of 2009 to an annualised rate of

5.1% in the first quarter of 2010, the South African Reserve Bank said in its

Quarterly Bulletin, which was released today.

“Real disposable income of the household sector was supported by,

among other factors, higher employment levels at the provincial government

level, increases in the remuneration of public servants and the steady decline

in interest rates,” the central bank explained.

The ratio of household debt to disposable income receded from 79.9%

in the fourth quarter of 2009 to 78.4% in the first quarter of 2010.

The ratio of debt-service cost to disposable income decreased

marginally from 8.3% in the fourth quarter of 2009 to 8.2% in the first quarter

of 2010.



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