BUSINESS MAVERICK: A vibrant month: Pension boost expected to lift South African retail sales for February

The BankservAfrica Take-home and Private Pensions report for February, calculated by Economists.co.za, forecasts a consumer rebound for the month.retail trade sales fell 3.5% year on year“In February, government pensioners got extra payments, which resulted in nearly a million pension payments paid to an estimated 650,000 private pensioners in the BankservAfrica Private Pension Index .

“Total private pensions paid increased by 61% in real terms and added about R3-billion to the total spending in February, which equals the R3-billion that the ‘new state of disaster’ grant pays to six million unemployed people. This will help the economy as the money is likely to help quite a few informal businesses.”

“The total nominal increase for all deducted money flowing into bank accounts of workers and private pensioners was 9.2%. This should result in a good consumer expenditure reaction for the South African economy for at least February,” the report says.

The best choice I've made this year was investing in cryptocurrency and forex trading and earning from home. With the help of Jasonsallm_1 I've been earning $ 23k weekly I've never regretted this decision. 🙏🏻🙏🏻

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

BUSINESS MAVERICK: South African mining output rises in February after 12 consecutive months of contractionA green shoot has appeared in South Africa’s mining sector. Mining production rose 0.8% year on year in February, the first month since February 2020 in which it has not declined. The catch is that the number could still be revised up or down in the coming months.
مصدر: dailymaverick - 🏆 3. / 84 اقرأ أكثر »

BUSINESS MAVERICK: PGM party: South African mining output leaps 21.3% year on year in MarchSouth African mining production shot up 21.3% year on year in March, Statistics South Africa (Stats SA) said on Thursday. It’s the biggest bounce in six years. Mineral sales for the month reached a record R75-billion, with 41% of that generated by platinum group metals (PGMs). Among other things, this bodes well for the first quarter (Q1) GDP figure.
مصدر: dailymaverick - 🏆 3. / 84 اقرأ أكثر »