We've got news for you.

Register on TimesLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

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...

Support the Sunday Times by buying a subscription.

You’ve always trusted us to help you navigate the world. Support the Sunday Times by becoming a premium member for only R80 (digital access) and keep the conversation going. You can cancel anytime.

Already subscribed? Sign in below.

Digital access for only R80

Questions or problems? Email helpdesk@timeslive.co.za or call 0860 52 52 00.

Would you like to comment on this article?
Register (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.

Commenting is subject to our house rules.