South Africa’s average salary in January 2022 increased at its fastest rate since the pre-pandemic January 2020 period, according to the monthly BankserAfrica Take-home Pay Index (BTPI).
South Africa’s average take-home pay in January 2022 increased at its fastest rate since the pre-pandemic January 2020 period, according to the monthly BankserAfrica Take-home Pay Index ., said Shergeran Naidoo, BankservAfrica’s head of stakeholder engagements. “The real BTPI increased by 6% to stand atThe busy December holiday and shopping season boosted payment numbers by an estimated 190,000 to casual workers in December, which was far above the norm.
“The extra weekly payments in December are a good indication that some of the previously impacted industries were able to resume business over this period.” The January typical take-home pay increased by 3.2% in real terms. The January payments also contributed to the median salary rising to its highest level since February 2021.
However, there is one proviso – fewer people are receiving the total amount of their take-home pay than before the pandemic.
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