Take-home pay up 8.9% year-on-year.
CAPE TOWN – The latest data from BankservAfrica indicates that South African salary earners are currently getting increases that outpace inflation. The BankservAfrica Disposable Salary Index (BDSI) shows that the average salary deposited into local bank accounts in February 2015 was R12 051, up from R11 067 a year ago.
That represents a nominal increase of 8.9%. After inflation, the real increase in the average salary was 4.8%
This is the sixth month in a row in which salaries have shown growth ahead of inflation. The real increase of 4.8% is also the strongest since October 2014.