Wealth in South Africa drops by R237bn in just 3 months

Pedro Gonçalves
Wealth in South Africa drops by R237bn in just 3 months

South African households are getting poorer as food prices and the general cost of living continues to rise and erasing the real value of the people's net wealth. According to the Momentum/Unisa Household Net Wealth Index, South African households' real net wealth declined by R237bn ($15bn) in the third quarter of 2019 to R6.97 trillion, compared with the second quarter and was R133.7 billion less than in the third quarter of 2018. The report revealed that mostly have their assets in th...

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