Today's Labour News

newsThis news aggregator site highlights South African labour news from a wide range of internet and print sources. Each posting has a synopsis of the source article, together with a link or reference to the original. Postings cover the range of labour related matters from industrial relations to generalist human resources.

earningsIndependent News reports that South African salaried workers are expected to receive only a 1% real increase in salary in the current year, among the lowest gauged in the Korn Ferry 2019 Global Salary Forecast.  

The workforce is expect to get a 6.5% nominal salary increase, whittled down by inflation considerations to the 1% real gain.  SA’s workers will trail their counterparts in Egypt, Ghana and Nigeria, who are expected to get the highest nominal increases of more than 10%.  Real salary growth is predicted in Ghana, Morocco, Mozambique and Tunisia.  The report notes that although top-line salaries will increase by 7.7% in Africa, high inflation will mean the real increase will only be 0.9%.  For example, in Egypt, on average salaries are expected to increase by 15%, but a 14.4% inflation rate means employees will only see a 0.6% real-wage increase.  The Korn Ferry forecast reveals that real-wage salaries globally are expected to grow only an average of 1% in 2019, down from a 1.5% prediction for 2018.

  • This short report by Banele Ginindza appeared on page 17 of The Star of 18 January 2019


Get other news reports at the SA Labour News home page