Personal Finance: Understanding real vs. nominal wages in South Africa

Gugs Mhlungu speaks with Paul Roelofse, resident certified financial planner, about the difference between nominal take-home pay and real take-home salary, and how inflation and rising fuel costs mean that many South Africans are effectively earning the same or even less despite small salary increases. He also shares practical tips on how to better manage daily expenses and stay mindful of what you can realistically afford in today’s economy. Gugs Mhlungu is your weekend companion for thoughtful conversations on lifestyle, health, culture, books, food, and everything happening around 702Land. Thanks for listening. Catch the 702 Weekend Breakfast with Gugs Mhlungu live on 702 every weekend morning from 6 am to 10 am (SA time). Find more from the show and catch-up podcasts on the Primedia+ app https://buff.ly/gk3y0Kj Subscribe to the 702 newsletters for more https://buff.ly/v5mfetc  Let’s keep the conversation going online: 702 on Facebook: https://www.facebook.com/TalkRadio702    702 on TikTok: https://www.tiktok.com/@talkradio702  702 on Instagram: https://www.instagram.com/talkradio702/  702 on X: https://x.com/Radio702  702 on YouTube: https://www.youtube.com/@radio702  See omnystudio.com/listener for privacy information.