Weekend Argus Saturday

Net wealth of South African households increased last year

SOUTH African households collectively grew about R1 trillion wealthier between the beginning of the second quarter and the end of 2020. The figure is in real terms: the effects of inflation have been taken into account to reflect the actual value of money in purchasing power. If net wealth is measured in current prices, the increase is estimated at almost R2 trillion.

This is according to the recently released South African

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