
Take-home pay shows first real improvement since 2020
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GUEST – Elize Kruger - independent economist
Amid persistently high inflation, any increases South Africans saw in their wages and salaries over the past few years failed to keep up with the pace at which prices were rising, ultimately leaving households worse off.
But after five consecutive months of improvement, take-home pay in SA is now on track to beat inflation for the first time since 2020.
Amid persistently high inflation, any increases South Africans saw in their wages and salaries over the past few years failed to keep up with the pace at which prices were rising, ultimately leaving households worse off.
But after five consecutive months of improvement, take-home pay in SA is now on track to beat inflation for the first time since 2020.