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BusinessTech writes that, reflecting the South African economy in general, the average ‘real’ wage increase for 2017 is expected to be as flat as it was in 2016.
This is according to new data published by ECA International in its annual Salary Trends Survey. According to the group, in real terms (i.e. adjusted for consumer inflation), SA will see an average wage increase of between 0% and 1.5% in 2017. This will match the rates seen at the start of 2016, when the average increase was around 1%. This will thus be much lower than the average increase seen in 2015 of 2.2%. In nominal terms (rand terms), the average salary increase in SA for 2017 is seen at between 6.0% and 7.5%, with inflation currently sitting around 6%.
- Read this report in full at BusinessTech
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