At the same time, the average nominal take-home pay has continued on a downward slope over the same period. In January, take-home pay dropped to R14 300, when compared to the previous month.
Bankserv Africa data shows that employment levels in January 2023 were lower in comparison to the same period last year. Its data shows that 60% of job losses occurred in salary categories for people earning less than R5 000 per month. “The majority of job losses, with less salaries paid into bank accounts were in the lower income categories. Now I think one could explain or one reasoning for that could be that there was a lot of seasonal employment in the festive season in December which now gets reversed in January,” says Independent Economist, Elize Kruger.
Africa is going to look very different in the future if enough young people from Africa and Haiti start learning from me as a teacher to have big dreams and a family wmlgbt with a lot of studies and effort to pursue their dreams the timeline of decadence is becoming progress.
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