Monthly salaries fall in April, index shows
BankservAfrica Take-Home Pay Index highlights mounting pressure on SA’s already hard-pressed consumers
31 May 2023 - 12:39
People earned less in April than a year ago amid dismal economic conditions and higher unemployment, according to the latest BankservAfrica’s Take-home Pay Index (BTPI).
April’s data shows how various factors, including persistently high inflation, interest rate hikes and ongoing load-shedding, are adding to the pressure on consumers, with the average nominal take-home pay declining 4.2% year on year to R14,534 a month from R15,170...
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