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.

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Inside News24

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.