JOHANNESBURG - South Africa’s average nominal take-home pay declined by 2% in April, month on month.
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% higher than a year ago.
READ | Take-home pay index | Marginal salary recovery in May
Independent Economist, Elize Kruger, says the escalating global trade war is dampening sentiments worldwide.
Locally, it's impacting confidence and slowing economic activity.
Against this backdrop, early indicators suggest that GDP growth for the first quarter may be flat or even negative.