SA salaries improve slightly in July
But moderation in consumer inflation might not be sustainable due to renewed pressure on fuel prices
23 August 2023 - 13:21
The average SA salary performed better in July, providing welcome relief for SA income earners despite low economic growth prospects, an index shows.
The latest BankservAfrica take-home pay index for July released on Wednesday shows average nominal take-home pay in July was R15,503, higher than the R14,169 in June and R14,509 in July 2022, reflecting slightly stronger purchasing power supported by a moderation in inflation...
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