South African workers are experiencing their strongest salary growth in years, with average take-home pay jumping to R18,098 in January 2025, signalling a promising economic recovery.
earners as the BankservAfrica’s Take-home Pay Index has revealed that the average take-home pay rose to R18,098 in January 2025.The index, which tracks the average nominal take-home pay of an estimated four million salary earners inShergeran Naidoo, head of Stakeholder Engagements, BankservAfrica said:"The average take-home pay rose to R18,098 in January 2025, compared to R17,246 in December 2024 and R15,564 one year earlier.
According to Naidoo, in real terms, take-home pay also rose to R15,659 in January 2025, a 12.8% hike year-on-year and reached its highest level since February 2022. Kruger said:"This positive remuneration trend evident in the BankservAfrica sample reflects a generally improved business environment, notable moderation in inflation, higher confidence levels in the economy, and three interest rate cuts that have provided much-needed relief.
"As such, the real take-home pay averaging at R14,292, up by 3.1% in 2024, represented the first real increase in take-home pay since 2020," Kruger said. will remain well-contained in 2025, and the average headline CPI forecasted to be at 4.2%, this year could be the second consecutive year of positive real take-home pay growth.
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