BankservAfrica disposable salaries index shows that average banked salary increased in January as those in formal jobs ‘continue to improve their lot’ DISPOSABLE salaries improved in January with support from higher than inflation wage increases granted to workers last year, an index showed on Wednesday.The BankservAfrica disposable salaries index showed that the average banked salary increased from R11,637 per month in January 2014 to R12,286 per month in January 2015.There were positive real increases in disposable salaries over the past five months, the company said."This strong showing in recent times of disposable salaries almost certainly shows that the income side of the labour market remains fairly strong and that those in formal jobs continue to improve their lot," BankservAfrica said.The index showed that the proportion of accounts receiving higher salary amounts had risen, indicating that people had moved from the lower disposable salary bands into higher bands. Salary in...
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