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Average ‘real’ income down
- Published on 1 Feb 2017
- HR Pulse News Desk
December’s average monthly pay after taxes and other deductions was R14,102 and the median was R10,397, according to the BankservAfrica Disposable Salary Index (BDSI).
Ignoring inflation, South Africans on average received 5.1% more in December than the same month the previous year. December was the seventh consecutive month that salaries have fallen year-on-year-in real terms. Like salaries, private pensions showed real-term decline (1.7%) year-on-year in December.
Source: SA Labour News
