The rand strengthened, inflation eased and the food basket fell in August, but higher fuel costs and weak salary growth may limit household relief.
Inflation has eased and salaries rose, but debt, high costs and low savings still squeeze South African households.
Weak economic growth, pressure on manufacturing and rising unemployment continue to weigh on South Africa, although July payment data points to some resilience in the economy.
PayInc’s July data points to a modest rebound, but a sharp diesel increase and worsening unemployment underline how fragile the improvement remains.