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SA in per capita recession

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Cape Town - Although South Africa is not yet in a recession, it is in a per capita recession, according to the November BankservAfrica Economic Transaction Index (Beti) report.

This is because income per capita has been in decline for a long period due to economic growth being slower than population growth.

"South Africans have seen their income decline in real terms for three years on average. All these indications suggest that 2017 could be the fourth year of the per capita recession," according to the Beti report.

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