According to the BankservAfrica Take-home Pay Index, The total value of take-home salaries paid in June declined by 25.6 per cent while pensions pay dropped by 4.6 per cent; these figures combined was the biggest drop on record at 23.5 per cent. Mike Schüssler, Chief Economist at Economists.co.za joins CNBC Africa for more.
The BankservAfrica Economic Transaction Index for June 2020 has reported that there is a sign of a slight economic recovery ahead, with more transactions taking place in June at 101.7 points compared to the weakest point of 98.1 in May. Mike Schüssler, Chief Economist at Economists.co.za joins CNBC Africa for more.
The BankservAfrica Take-home Pay Index has shown that wage numbers were up in April as the majority of employees continued to receive their monthly incomes. However, casual and weekly workers were most impacted by the Covid-19 lockdown as the number of wages paid declined significantly. Joining CNBC Africa for more is Mike Schüssler, Chief Economist at economists.co.za.
It’s more than a week since South Africa’s economy was reopened for economic activity after a complete 5 week shutdown due to COVID-19. As more industries have become operational, what has the impact of this increased activity meant for South Africa’s recession battered economy? Economist Mike Schussler joins CNBC Africa for more.
This is the destruction Mugabe’s rule caused Zimbabwe’s economy
Sustained positive real growth for both disposable salaries