26 Sep 2024
Take-home pay improves again in August, potentially boosting spending
By: Shergeran Naidoo, BankservAfrica’s Head of Stakeholder Engagements The BankservAfrica Take-home Pay Index (BTPI), which tracks the average nominal take-home pay among an estimated 4 million salary earners in South Africa, improved for the fifth consecutive month in August. “The average nominal take-home pay reached R16 582, showing a 6.7% increase compared to a year...