Many employed South Africans saw a slight increase in their take-home pay in February. This is according to the latest Take Home Index from BankServAfrica, which measures salaries paid into bank accounts.
The average nominal take-home pay rose to R15 186 during the month. However, the increases in salaries are still way below to counter the effects of rising consumer inflation.
“Even if you do get a salary increase, if it’s not in line with inflation at the end of the day you are worse off, so inflation remains a negative impact for us at the moment,” says an independent economist, Elize Kruger.
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