Tough times

While higher salary increases will provide some relief against the recent and coming price and interest rate shocks, conditions will remain very difficult for some time to come and financially-strapped households remain strongly advised to steer clear of taking on more debt. This is the view of Rian le Roux, chief economist of Old Mutual Investment Group SA, who says the challenging new environment clearly implies a very difficult period for most consumers over the next year or so. - I-Net Bridge

While higher salary increases will provide some relief against the recent and coming price and interest rate shocks, conditions will remain very difficult for some time to come and financially-strapped households remain strongly advised to steer clear of taking on more debt. This is the view of Rian le Roux, chief economist of Old Mutual Investment Group SA, who says the challenging new environment clearly implies a very difficult period for most consumers over the next year or so. - I-Net Bridge

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