ETTIENNE LE ROUX: SA households have reserves in the money tank
A deep recession coinciding with an increase in household savings. What gives?
11 March 2021 - 05:00
The year 2020 was full of surprises, not least in relation to changes in household savings. From little to practically zero savings in the years before Covid-19 struck in March, households went on to accumulate as much as R130bn in the ensuing six months.
And this happened in spite of the deep recession and employers slashing headcounts and pay...
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