South Africans are getting poorer

[BusinessTech]

South Africans are getting poorer

South African households are under pressure, Nedbank says.

 

[Dan C]

No ways. I thought we are all getting richer.

 

[rvZA]

South Africans are indeed getting richer. A lot more money in circulation. Inflation still has virtually no influence on the rich or poorest of the poor. The ANC has been real good for all citizens of this country.

 

[ShaunSA]

Nedbank peddling doom and gloom

 

[FiestaST]

Sigh…

 

[azbob]

I don’t know. Saw 7 Porsches in less than 1 hour in different parts yesterday. One of them a GT2RS.

 

[rvZA]

Nedbank peddling doom and gloom

I know. We all have boat loads of money. We just are not sharing it with banks anymore. This does not mean the country is getting poorer.

 

[ShaunSA]

I know. We all have couch loads of money. We just are not sharing it with banks anymore. This does not mean the country is getting poorer.

ftfy

 

[ronnie_94]

Thanks, remind me again next month

 

[ShaunSA]

I don’t know. Saw 7 Porsches in less than 1 hour in different parts yesterday. One of them a GT2RS.

Yep. Plenty of fancy vehicles around. Saffers are rich

 

[FiestaST]

Proof

 

[Cius]

On average I think the world is losing spending power, however at the same time the top 0.1% are getting a lot richer. I don't think we have had inequality of this level since fuedal times.

 

[Diablo-D]

get a lambo now, ask me how

 

[AstroTurf]

Only the rich are getting richer, the rest of the planet are either stagnant or getting poorer.

There are a very few exceptions but not that many.

 

[etienne_marais]

On average I think the world is losing spending power, however at the same time the top 0.1% are getting a lot richer. I don't think we have had inequality of this level since fuedal times.

There has been a transfer of trillions during the pandemic, some say the greatest wealth transfer in human history. +- 500 new Dollar Billionaires (mostly linked to vaccine industry)

These are the people hooked up with the WEF who supposedly are working towards wealth distribution and equity among their other lies.