These are the cars that can be afforded on the average salary in South Africa as of March 2023.
There are 26 passenger vehicles currently on the market that can be afforded with the average salary in South Africa right now.quarterly employment survey for the fourth quarter of the year ending December 2022,This is an increase of 4.5% from the previous quarter, where it was R24,813, and up 9.2% from the fourth quarter of 2021 at R23,828.
The latest rate hike marks the ninth hike in the current cycle, with the total adjustment being 425 basis points since the hike cycle started in November 2021. This assumes that these individuals spend no more than 25% of their monthly income on vehicle-related costs, which is the recommended cap by industry experts.Fuel costs
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