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Home Archive of News Average real disposable salaries continue to decline

Archive of News

Average real disposable salaries continue to decline

Take-home pay remained under pressure due to the tax bracket increments, low salary increases and medical insurance costs. In nominal terms, average salaries increased by 3.9% in January 2017, but this was below the actual cost of living increase. The salary decline in real terms of 2.6% represented the biggest fall over the last year. The average nominal disposable salary, according to the BDSI, was R13,752 for January 2017.

Meantime, BankservAfrica’s Private Pensions Index (BPPI) for January 2017 reflected a second consecutive month of annual declines in real terms.

Source: SA Labour News



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