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...

There’s never been a more important time to support independent media.

From World War 1 to present-day cosmopolitan South Africa and beyond, the Sunday Times has been a pillar in covering the stories that matter to you.

For just R80 you can become a premium member (digital access) and support a publication that has played an important political and social role in South Africa for over a century of Sundays. You can cancel anytime.

Already subscribed? Sign in below.

Questions or problems? Email or call 0860 52 52 00.

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

Speech Bubbles

Please read our Comment Policy before commenting.