SA’s average pay fell than one-tenth in one year, index shows

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South Africa News News

The index gauges the finances of households and their ability to cope with debt

The average pay of South Africans has declined more than a tenth over the past year, according to the latest data from the Altron Fintech Household Financial Resilience Index .

The figures for the last quarter of 2022, released on Monday, showed the average monthly remuneration in the formal and informal sectors declined from R18,470 to R16,370 year on year in real terms, which accounts for inflation...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.

 

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