Take-home pay index | Marginal salary recovery in May

27/06/2024

A selection of R100 and R200 banknotes. South African currency. Simon Dawson/Bloomberg via Getty Images

JOHANNESBURG - Salaries in South Africa continue to outperform 2023 levels.

The latest BankservAfrica Take-home Pay Index shows that the average nominal salary showed a partial recovery.

Take-home pay reached R15,888 in May, a 10 percent increase year-on-year.

The business environment has improved meaningfully compared to 2023, with no rolling blackouts over the past three months positively influencing companies’ ability to pay better salary increases in 2024.

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