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BDLive reports that workers took home much smaller disposable salaries in August 2016 than they did in August 2015, as inflation accelerated but growth in wages slowed.
The BankservAfrica disposable salary index, released on Wednesday, shows employees took home 2.5% less in August than a year earlier — the third consecutive month of declines in real disposable salaries. Above-inflation increases in medical insurance costs and real personal income tax contributed to the growing gap between gross and net salaries. Pensions did much better than disposable salaries. Total pension payments were 13% higher in August 2016 than in August 2015, the index showed.
- Read this report by Ntsakisi Maswanganyi in full at BDLive
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