This is the average take home pay in South Africa right now
The backdated salary payments in the public sector continued to spur the increase in BankservAfrica’s Take-home Pay Index for August.
Real salaries showed improvements on both an annual and on a monthly basis, the group said.
According to Shergeran Naidoo, head: stakeholder engagements at BankservAfrica, the average South African take-home salaries increased by 4.7% in real terms on a year-on-year basis.
This represents the largest annual percentage increase in the BankservAfrica dataset since 2012, he said.
In August, the monthly average real take-home pay reach R14,460 in real terms – 2.7% higher on a seasonally adjusted basis than July.
Read the full story on: BusinessTech.
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