If we are serious about growing the economy and creating jobs, we need to support these young people – even though they don't seem to expect any help or handouts, writes Melanie Verwoerd.
Showers late. Afternoon clouds. Mild.
An economic index that tracks interbank payments suggests that South Africa can expect flat economic growth for the third quarter of 2019.
The slow pace of salary increases in South Africa looks set to continue, economist Mike Schüssler tells Fin24.
A better performing second quarter can be expected when SA's GDP figures are released in a few weeks' time, says Mike Schüssler, chief economist at Economist.co.za.
'April’s BETI figure is a major change in direction and indicates that after the dismal first quarter of 2019, the economy is making great strides into positive territory," says economist Mike Schüssler.
There has been a decline in the number of salary payments going through the SA banking system for eight consecutive months - which could point to a trend of job losses, economist Mike Schüssler tells Fin24.
There are indications that the downswing phase in the SA business cycle is now nine months longer than its previous slump.
Real take-home pay increased by just 0.4% in the SA economy in 2018, according to a report released on Wednesday.
The South African economy may still be in decline, but the latest BankservAfrica economic transaction index has shown some growth in August.
South Africans are under financial pressure and have adjusted their spending behaviour to weather headwinds, says the head of stakeholder relations at BankservAfrica.
South Africa's take-home pay levels declined dramatically in May – and are expected to remain under pressure until July when adjustments to public sector wages are taken into account, an index shows.
Data reflected in the latest BankservAfrica Private Pension Index could be indicating that South Africans getting private pensions are using up the funds faster than they should.
The downward phase of the SA business cycle has likely already lasted for 68 months, according to data in the latest BankservAfrica Economic Transaction Index.
If there is no load shedding in the next few quarters, the economy will likely continue to grow, says the BankservAfrica Economic Transaction Index Report, released on Wednesday.
The average real take-home pay in March was the highest inflation adjusted average in the near 7-year history of the BankservAfrica Take-home Pay Index.
Take home pay would have increased a lot more in real terms if it was not for so-called "bracket creep" due to taxation, economist Mike Schüssler tells Fin24.
Pensioners are becoming increasingly important in the South African economy, says Mike Schüssler, chief economist at Economists.co.za.
SA's economy has been stuck repeating the same limited movements for a record 59 months, says the latest BankservAfrica Economic Transaction Index report.
Real take-home pay increased between June and July, according to the latest BankservAfrica Take-home Pay Index.
Real take-home pay 'collapsed' in June 2018, according to the latest BankservAfrica Take-home Pay Index, but economist Mike Schüssler says the decrease is likely temporary.
South Africans' take-home pay has increased above inflation, while privately banked pensions increased by 5%, according to the BankservAfrica Take-Home Pay Index.
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