DStv Channel 403 Tuesday, 07 January 2025

Discussion | Nearly half of salary earners struggle by payday

 

JOHANNESBURG - As payday approaches, nearly half of salary earners are in a tough spot, with almost 50% left with less than R1,000, or facing negative balances.

That's according to Standard Bank's latest statistics.

READ: Inflation continues to eat away at disposable income

They reveal that 21% have R1,000 or less left, while 28% are in overdraft.

This continues to highlight the financial strain many are grappling with each month.

Standard Bank Head of Personal and Private Banking, Kabelo Makeke discussed this with eNCA. 

 

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