date:Aug 21, 2013
r spending.
Stanlib chief economist Kevin Lings says consumer spending has been losing momentum for some time, with consumers having to cope with a range of cost hikes that have systematically eroded their spending power.
Consumer income growth is slowing, reflecting the lack of job growth as well as some moderation in salary adjustments. Because consumer spending represents more than 60% of the South African economy, the relationship between consumer income and consumer spending can be consid