Statistics South Africa has published the latest Quarterly Employment Survey (QES) up until September 2021, showing what workers are getting paid across the…
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Data from BankservAfrica s Take-home Pay Index shows that net salaries are approaching pre-pandemic levels.
In April, net salaries averaged R15 083, just slightly below R15 104 net nominal pay in February 2020.
BankservAfrica says it is convinced that large private sector employment is close to what it was before the pandemic.
The South African workforce and pensioners are taking home almost as much income as they used to before the Covid-19 pandemic.
According to BankervAfrica data, the average take-home pay for workers and pensioners whose monthly income is paid through banks increased to R15 083 in April, a nominal increase of 6.8% year-on-year.
After taking inflation into account, the median real take-home pay increased by 2.2% to R12 958. That means half of the net salaries that went through BankervAfrica s clearing system were below this amount and the other half was higher.