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Take-home pay in South Africa has reached its highest point in record time, hitting over R17,000

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GUEST – Elize Kruger, Independent Economist

The average take-home pay reaches the highest level yet in September. Easing inflation levels, fuel price relief and lower interest rates give a boost to salary earners and their spending potential ahead of big year-end shopping days

The upward momentum continued in September 2024, as the average salary surpassed the R17 000 mark, the highest level since the inception of the BankservAfrica Take-home Pay (BTPI) series. Recent developments in the economy have given a boost to salary earners and could potentially spill over into the upcoming busy shopping period.
23 Oct 2024 2PM English South Africa Business News · Investing

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