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Published 3 years ago • loading... • Updated 3 years ago

SA’s cost of living remains unaffordable for many

Summary by Ground News

South Africa's minimum monthly wage rose from R3 555 to R3 722 (net) as of January 1. A worker can live off the minimum wage as the value of basic food products at the beginning of 2022 is R1 340. South Africa ranked 48th out of 64 countries as overall product prices potentially absorb 36% of net earnings.

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SA’s cost of living remains unaffordable for many

January 1's minimum wage increase not expected to make much of a difference.

3 years ago

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Moneyweb broke the news in 3 years ago on Monday, January 24, 2022.

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