In economic downturns, one would expect the low-income earning segment of the population to be the hardest hit as they have little in the way of a financial buffer.
But looking at some companies’ financial results, one begins to understand just how resilient this part of the population actually is. Last week, Momentum attributed it to low-income households being more careful about their spending.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.
This is the kind of article that shouldn’t be behind a paywall guys. We wanna know how to thrive in this economy 😭. But I suppose this is just y’all just playing the game 😭😭
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Economy tight but SA business still invests generously in social projectsCompanies spent an estimated R10.2bn on corporate social investment (CSI) in South Africa in 2019. Sell SAA and free up 20b a year to invest in the poor.. isn't that common business sense. Raise interest rates urgently... ie. NOW!!!!!!!!! Get the country out of a debt orientated economy into a savings one .... NOW!!!!!! The boys know what I'm talking about...
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