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BusinessLive reports that, after taking inflation into account, the average South African earned 1.5% less in December than in the same month in 2015.
December’s average monthly pay after taxes and other deductions was R14,102 and the median was R10,397, according to the BankservAfrica Disposable Salary Index (BDSI) released on Tuesday. Ignoring inflation, South Africans on average received 5.1% more in December than the same month the previous year. December was the seventh consecutive month that salaries have fallen year-on-year-in real terms. Like salaries, private pensions showed real-term decline (1.7%) year-on-year in December.
- Read this report by Robert Laing in full at BusinessLive
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