What Does A Deflating Rand Mean?
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
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...
Keep Getting Rejected For New Loans? Read This!
Why are so many South Africans being rejected for loans? Most employed South Africans make use of some sort of debt. Many have a credit card and a store card or two, and plenty have personal loans. There are many middle-income South Africans that have a few types of...
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