SA consumers gradually on the recovery path - salary index.

Cape Town - Disposable salaries have beaten inflation since March this year, a sign that South African consumers are slowly recovering, according to the latest BankservAfrica Disposable Salary Index (BDSI).

Average take-home pay bounced back in October after a decline in September, while pensions reached a new high in October. The BDSI real salary was R13 990 for October this year, R16 less than September, but R62 more than October last year. In nominal terms, the BDSI recorded an average of R14 499.

“With the South African household debt to income ratio declining, along with slightly lower interest rates since July, the SA consumer is recovering slowly as disposable salaries have beaten inflation since March this year," according to Mike Schüssler, chief economist at Economists dotcoza.

Full story at Fin24.