What Does A Deflating Rand Mean?

What Does A Deflating Rand Mean?

by | Jun 17, 2022 | Debt, Save Money

There has been a lot of talk about a weakened rand recently. Many factors can influence a currency’s pricing and market perception. Economists at Nedbank foresee a weak rand for the remainder of 2022. According to Nedbank, the US Federal Reserve’s decision to...
A Worrying Decline In South Africa’s Middle Class

A Worrying Decline In South Africa’s Middle Class

by | Jun 10, 2022 | Debt

Middle-class South Africans are spending their salaries in five days. In a recent article published by BusinessTech, FNB estimates that it takes an average of five days for a middle-income consumer to spend up to 80% of their monthly salary.  This suggests that...