The release by the Bureau of Market Research of the latest Consumer Vulnerability Index clearly emphasises the point that workers are trapped in a vicious financial cycle, and something will have to give.
The UASA South African Employment Report: Volume 12: Where my salary goes
The 2013 UASA South African Employment Report (SAER) shows that for the first time, the average employee’s disposable salary is fewer than 70% of his gross salary. The South African worker's take-home pay is under enormous strain!
Petrol increase wipes out what was “given back” to taxpayers
The temporary relief and hope the 2013 Budget Speech granted South Africans, and particularly the R7 bn. “given back” to taxpayers will be wiped out by the petrol price increase of 81c per litre that came into effect at midnight.