Take-home pay rises but South Africans are still losing spending power
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Take-home pay in South Africa increased by 1.8% during the year ending in September. Despite this rise, inflation-adjusted earnings dropped by 2.6%. Rising costs for fuel and transport have reduced the spending power of households.
South African take-home pay rose 1.8% over the year to September, but inflation-adjusted earnings fell 2.6% as fuel and transport costs squeezed household budgets.