South Africa’s salaries reflected one of the biggest annual falls on record in May 2022, according to the latest
BankservAfrica Take-home Pay Index (BTPI).
This is as a result of the upward-trending consumer inflation that has started to erode South Africans’ disposable income.
“The average real monthly salary was R14,696 in May and plummeted by 6.7% on a year-on-year basis,” says Shergeran Naidoo, BankservAfrica’s head of stakeholder engagements.
In nominal terms, the total take-home…