This is what the average worker takes home after taxes in South Africa

The latest BankservAfrica salary data points to some positive moves in the South African job market.

Take-home pay tracked in the BankservAfrica Take-home Index showed a slight recovery in February 2023. The latest data on the number of salaries paid during the month also suggests the local job market is stabilising., reaching the highest level since October 2022. However, it remains 1.8% below the R15,469 measured a year ago,” said Shergeran Naidoo, BankservAfrica’s Head of Stakeholder Engagements.

Independent economist Elize Kruger said that, though not much, any stability in the job market is welcomed amid a challenging economic environment. The job market is clearly still playing catch-up, which remains a challenge amid the low growth reality in South Africa, she said.

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BusinessTechSA /  🏆 24. in ZA

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