BusinessLive reports that after taking inflation into account, the average South African salary declined by 2.4% in June from the same month in 2017.  

It was shown in the monthly report by interbank payment service BankservAfrica on Tuesday that the average take-home pay for formally employed South Africans paid via the national payment system was R14,302 in June in current prices, reduced to R13,593 after stripping out inflation.  "Real take-home pay for June experienced its largest decline since early 2017 owing to rising inflation and the delay of annual salary adjustments and back-pay in the public sector, the leading employer in SA," BankservAfrica indicated.  In current prices, salaries grew 2% over the year while inflation was 4.6%, effectively leaving South Africans 2.4% poorer.  Public sector wage increases backdated to April were only paid in July — so will only appear in next month’s report

• A short report by Robert Laing is at BusinessLive
• Read too, Salary index shows 'collapse' in real take-home pay, at Fin24
• And also, This is the average take-home pay in South Africa right now, at BusinessTech

Get other news reports at the SA Labour News home page