JOHANNESBURG - South Africa’s average nominal take-home pay declined by 2 percent in April.
This marks the second consecutive month of moderation.
That's according to the latest BankservAfrica Take-Home Pay Index.
Despite the monthly decline, take-home pay is still over 13 percent higher than a year ago.
Independent economist Elize Kruger says the global trade war is dampening sentiments worldwide.
Locally, it's impacting confidence and slowing economic activity.
Against this, early indicators suggest that GDP growth for the first quarter may be flat or even negative.