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CAIPHUS KGOSANA | In SA, middle-class problems are everyone’s problem

As our dire economy forces our tax base to emigrate, so our situation goes from bad to worse

17 May 2022 - 19:29

An update from FNB on how middle-class consumers are barely keeping their heads above water grabbed my attention. The bank’s retail division estimates it takes an average of five days for such a person to spend up to 80% of their monthly salary. This suggests consumers earning between R180,000 and R500,000 a year survive on 20% of their salaries for more than 20 days a month...

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